Vallourec SA Given New €50.00 Price Target at JPMorgan Chase & Co. (VK)
Equities research analysts at JPMorgan Chase & Co. decreased their target price on shares of Vallourec SA (EPA:VK) from €52.00 ($70.27) to €50.00 ($67.57) in a research note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock.
Separately, analysts at AlphaValue reiterated a “buy” rating on shares of Vallourec SA (EPA:VK) in a research note to investors on Thursday, July 11th. They now have a €50.60 ($68.38) price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €42.81 ($57.86).
Shares of Vallourec SA (EPA:VK) traded down 8.20% on Friday, hitting €45.28. The stock had a trading volume of 3,772,403 shares. Vallourec SA has a one year low of €31.10 and a one year high of €51.01. The stock’s 50-day moving average is €46.50 and its 200-day moving average is €41.29. The company has a market cap of €5.615 billion and a price-to-earnings ratio of 26.43.
Vallourec SA is a France-based company that specializes in the production of seamless steel tube products for industrial applications.
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