K+S (ETR:SDF) Downgrade
K+S (ETR:SDF)’s Stock was cut to “Underweight” by analysts at Morgan Stanley, who have a TP of EUR 20.50 on SDF. Morgan Stanley’s target is 3.80 % from SDF’s last price.
This stock rating downgrade is probably noticed by investors, as ETR:SDF is right now trading -3.84% lower at EUR 19.77 as of 00:29 Frankfurt time. K+S shares have declined -50.54% in the past 200 days, while the Standard & Poor’s 500 index has declined -1.12% in the same time.
ETR:SDF Price Chart & Trend
The stock price of K+S has nosedived 50.54% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, K+S is down 3.62% and down 21.91%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
K+S (ETR:SDF) Profile
K&S AG is a Germany-based holding company which is active in the chemical sector. The Company divides its activities into three business segments. The Potash and Magnesium Products segment combines the production and marketing of potash fertilizers and fertilizer specialties as well as potash and magnesium compounds for technical, industrial and pharmaceutical applications.
K+S (ETR:SDF) traded down -3.84% on 1 April, hitting EUR 19.77. A total of 1.81 million shares of the company’s stock traded hands. This is down from average of 2.22 million shares. K+S has a 52 week low of EUR 17.62 and a 52 week high of EUR 40.28. The company has a market cap of 3.78 billion EUR and a P/E ratio of 7.64.
Get the latest K+S (ETR:SDF) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post K+S (ETR:SDF) Stock Cut by Analysts at Morgan Stanley to “Underweight” with EUR 20.50 Target appeared first on Octafinance.