Berenberg Bank Initiates Coverage on HORNBACH Holding AG & Co. KGaA (OTCMKTS:HBBHF)

Research analysts at Berenberg Bank initiated coverage on shares of HORNBACH Holding AG & Co. KGaA (OTCMKTS:HBBHF – Get Rating) in a report released on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

HBBHF opened at $134.00 on Thursday. HORNBACH Holding AG & Co. KGaA has a 12-month low of $134.00 and a 12-month high of $134.00. The firm has a 50 day moving average of $128.57 and a two-hundred day moving average of $117.52.

HORNBACH Holding AG & Co. KGaA Company Profile (Get Rating)

HORNBACH Holding AG & Co KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. The company's stationary stores offer approximately 50,000 articles in various divisions, including hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden.

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