Zacks: Kobe Steel, Ltd. (KBSTY) Given Average Rating of “Strong Buy” by Analysts
Kobe Steel, Ltd. (NASDAQ:KBSTY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Kobe Steel an industry rank of 160 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Kobe Steel from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research report on Friday, August 25th.
Shares of Kobe Steel (NASDAQ:KBSTY) opened at 3.88 on Wednesday. Kobe Steel has a 52 week low of $3.50 and a 52 week high of $6.26. The company has a 50-day moving average of $5.62 and a 200-day moving average of $5.20. The firm has a market capitalization of $2.81 billion and a PE ratio of 75.34.
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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