Befesa (ETR:BFSA) Shares Down 0.7%

Befesa S.A. (ETR:BFSA)’s stock price dropped 0.7% on Wednesday . The company traded as low as €57.70 ($67.88) and last traded at €58.00 ($68.24). Approximately 45,407 shares traded hands during trading, The stock had previously closed at €58.40 ($68.71).

BFSA has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a €57.00 ($67.06) price objective on Befesa and gave the company a “neutral” rating in a research note on Tuesday, April 27th. Berenberg Bank set a €69.00 ($81.18) target price on Befesa and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, Kepler Capital Markets set a €62.00 ($72.94) target price on Befesa and gave the company a “buy” rating in a report on Tuesday, April 27th.

The company has a current ratio of 1.71, a quick ratio of 1.50 and a debt-to-equity ratio of 167.45. The firm has a market cap of $1.98 billion and a P/E ratio of 33.90. The company’s fifty day moving average is €59.13.

About Befesa (ETR:BFSA)

Befesa SA provides environmental recycling services to the steel and aluminum industries in European and Asian markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. 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.

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