Indus (ETR:INH) received a €72.00 ($83.72) price objective from investment analysts at Independent Research in a research report issued to clients and investors on Thursday, August 16th. The firm currently has a “buy” rating on the stock. Independent Research’s price target points to a potential upside of 36.62% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. HSBC set a €76.00 ($88.37) target price on Indus and gave the company a “buy” rating in a research note on Wednesday, August 15th. Warburg Research set a €66.80 ($77.67) target price on Indus and gave the company a “buy” rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of €69.33 ($80.61).
Shares of INH stock traded down €1.10 ($1.28) on Thursday, reaching €52.70 ($61.28). 14,066 shares of the company’s stock traded hands, compared to its average volume of 22,718. Indus has a 12-month low of €53.90 ($62.67) and a 12-month high of €66.20 ($76.98).
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.
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