Koenig & Bauer AG (ETR:SKB)’s share price was down 9.6% during trading on Friday . The stock traded as low as €31.72 ($36.88) and last traded at €33.46 ($38.91), approximately 321,526 shares were traded during trading. An increase of 519% from the average daily volume of 51,918 shares. The stock had previously closed at €37.00 ($43.02).
Several equities analysts have recently commented on SKB shares. Warburg Research set a €71.50 ($83.14) target price on Koenig & Bauer and gave the company a “buy” rating in a research note on Thursday, August 1st. Hauck & Aufhaeuser set a €84.00 ($97.67) target price on Koenig & Bauer and gave the company a “buy” rating in a research note on Thursday, August 1st. HSBC set a €56.00 ($65.12) target price on Koenig & Bauer and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Berenberg Bank set a €59.10 ($68.72) target price on Koenig & Bauer and gave the company a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of €61.60 ($71.63).
The company has a current ratio of 1.36, a quick ratio of 0.38 and a debt-to-equity ratio of 37.73. The firm has a market capitalization of $551.93 million and a price-to-earnings ratio of 10.07. The company has a 50-day moving average of €34.50 and a 200-day moving average of €36.50.
Koenig & Bauer AG develops, produces, distributes, and services printing systems and peripherals worldwide. It operates through three segments: Sheetfed, Digital & Web, and Special. The Sheetfed segment offers presses for packaging and commercial printing, as well as workflow and logistics solutions; and peripheral equipment for finishing and processing printed products.
Further Reading: Momentum Indicators
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