Kobe Steel, Ltd. (KBSTY) Receives Average Recommendation of “Strong Buy” from Analysts

Kobe Steel, Ltd. (NASDAQ:KBSTY) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also given Kobe Steel an industry rank of 189 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Kobe Steel from a “buy” rating to a “hold” rating in a research report on Monday, May 1st.

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Kobe Steel (NASDAQ KBSTY) traded up 1.201% during midday trading on Monday, hitting $4.635. 232 shares of the stock were exchanged. The company’s market cap is $3.36 billion. The firm’s 50 day moving average price is $4.73 and its 200 day moving average price is $4.77. Kobe Steel has a 12 month low of $3.95 and a 12 month high of $6.00.

About Kobe Steel

Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.

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