Befesa (ETR:BFSA) PT Set at €38.00 by JPMorgan Chase & Co.

Befesa (ETR:BFSA) has been given a €38.00 ($44.19) target price by JPMorgan Chase & Co. in a note issued to investors on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.68% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Berenberg Bank set a €48.00 ($55.81) target price on shares of Befesa and gave the company a “buy” rating in a report on Friday, November 1st. Goldman Sachs Group set a €42.00 ($48.84) target price on shares of Befesa and gave the stock a “buy” rating in a research report on Thursday.

ETR BFSA opened at €36.30 ($42.21) on Friday. The company has a debt-to-equity ratio of 176.22, a quick ratio of 1.41 and a current ratio of 1.65. The firm has a market cap of $1.24 billion and a PE ratio of 14.17. Befesa has a one year low of €26.75 ($31.10) and a one year high of €41.65 ($48.43). The firm’s fifty day moving average is €32.83 and its two-hundred day moving average is €33.75.

About Befesa

Befesa SA, a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; and produces waelz oxide and other metals.

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