HSBC set a €59.00 ($68.60) price objective on Indus (ETR:INH) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the company. Warburg Research set a €60.00 ($69.77) target price on Indus and gave the company a buy rating in a research note on Tuesday. Independent Research set a €57.00 ($66.28) target price on Indus and gave the company a buy rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Indus presently has a consensus rating of Buy and an average target price of €59.54 ($69.23).
INH stock traded down €0.30 ($0.35) during trading hours on Wednesday, hitting €43.30 ($50.35). 23,515 shares of the stock traded hands, compared to its average volume of 22,718. Indus has a one year low of €37.40 ($43.49) and a one year high of €60.70 ($70.58). The stock has a market capitalization of $1.05 billion and a P/E ratio of 14.94. The company has a quick ratio of 0.74, a current ratio of 1.75 and a debt-to-equity ratio of 83.46.
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.
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