Steinhoff International (ETR:SNH) has been given a €2.00 ($2.38) price target by stock analysts at Royal Bank Of Canada in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 82.48% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co set a €3.00 ($3.57) target price on shares of Steinhoff International and gave the stock a “neutral” rating in a report on Wednesday. Commerzbank set a €5.00 ($5.95) target price on shares of Steinhoff International and gave the stock a “neutral” rating in a report on Tuesday. Deutsche Bank reaffirmed a “neutral” rating on shares of Steinhoff International in a report on Tuesday, November 28th. Finally, Goldman Sachs Group set a €3.80 ($4.52) price objective on shares of Steinhoff International and gave the company a “neutral” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Steinhoff International currently has a consensus rating of “Hold” and an average price target of €4.41 ($5.25).
Steinhoff International (SNH) traded down €1.90 ($2.26) during midday trading on Wednesday, hitting €1.10 ($1.30). 182,375,542 shares of the company’s stock were exchanged, compared to its average volume of 7,740,000. Steinhoff International has a fifty-two week low of €3.03 ($3.61) and a fifty-two week high of €5.32 ($6.33).
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Steinhoff International Holdings N.V. manufactures, sources, and retails furniture, household goods, general merchandise, and automotive products in Europe, Australasia, the United States, and Africa. The company retails appliances, home accessories, consumer electronics and technology goods, building materials, and DIY products and accessories; and clothing, footwear, personal accessories, cellular products, and financial services.
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