Kobe Steel, Ltd. (KBSTY) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Kobe Steel, Ltd. (NASDAQ:KBSTY) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Kobe Steel an industry rank of 91 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Kobe Steel from a “buy” rating to a “hold” rating and set a $6.50 price objective on the stock. in a research note on Friday, August 25th.
Shares of Kobe Steel (KBSTY) opened at 5.97 on Tuesday. The company’s 50-day moving average is $5.96 and its 200-day moving average is $5.07. Kobe Steel has a one year low of $3.97 and a one year high of $6.26. The stock has a market capitalization of $4.33 billion and a P/E ratio of 117.06.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Kobe Steel Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kobe Steel Ltd. and related stocks with our FREE daily email newsletter.