Zacks: Kobe Steel, Ltd. (KBSTY) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Kobe Steel, Ltd. (NASDAQ:KBSTY) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Zacks has also assigned Kobe Steel an industry rank of 185 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Kobe Steel from a “buy” rating to a “hold” rating in a report on Monday, May 1st.
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Kobe Steel (NASDAQ:KBSTY) traded up 0.86% during midday trading on Monday, hitting $4.67. 756 shares of the stock were exchanged. The firm has a 50-day moving average price of $4.73 and a 200-day moving average price of $4.77. Kobe Steel has a one year low of $3.95 and a one year high of $6.00. The stock’s market cap is $3.38 billion.
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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