Other equities research analysts have also issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Outokumpu Oyj from €6.60 ($6.73) to €6.30 ($6.43) in a research note on Thursday, June 23rd. Kepler Capital Markets downgraded Outokumpu Oyj from a buy rating to a hold rating and set a €5.00 ($5.10) price target on the stock. in a report on Thursday, August 11th. Credit Suisse Group upgraded Outokumpu Oyj from a neutral rating to an outperform rating in a research note on Monday, June 6th. Danske cut Outokumpu Oyj from a buy rating to a hold rating in a research note on Tuesday, June 14th. Finally, Barclays assumed coverage on shares of Outokumpu Oyj in a report on Wednesday, August 10th. They set an overweight rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Outokumpu Oyj currently has an average rating of Hold and an average target price of $6.77.
Outokumpu Oyj Stock Performance
Outokumpu Oyj stock opened at $1.95 on Tuesday. The company has a market cap of $1.78 billion, a PE ratio of 2.79 and a beta of 0.89. Outokumpu Oyj has a 12 month low of $1.95 and a 12 month high of $3.53. The company has a fifty day moving average price of $2.57 and a two-hundred day moving average price of $2.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 0.48.
About Outokumpu Oyj
Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.
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