Societe Generale Cuts Epiroc AB (publ) (OTCMKTS:EPOKY) Price Target to SEK 215

Epiroc AB (publ) (OTCMKTS:EPOKY – Get Rating) had its price objective decreased by equities research analysts at Societe Generale from SEK 218 to SEK 215 in a report issued on Tuesday, The Fly reports. The firm currently has a “hold” rating on the stock.

A number of other equities research analysts have also recently weighed in on EPOKY. JPMorgan Chase & Co. dropped their price target on Epiroc AB (publ) from SEK 210 to SEK 200 and set a “neutral” rating for the company in a report on Monday, April 11th. Morgan Stanley raised their price target on Epiroc AB (publ) from SEK 215 to SEK 221 in a report on Thursday, January 27th. Sanford C. Bernstein raised Epiroc AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, February 7th. DNB Markets raised Epiroc AB (publ) from a “hold” rating to a “buy” rating in a report on Monday, February 21st. Finally, Citigroup dropped their price target on Epiroc AB (publ) from SEK 275 to SEK 245 in a report on Thursday, January 27th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $220.20.

Shares of Epiroc AB (publ) stock traded down $0.64 during midday trading on Tuesday, hitting $20.74. 74,569 shares of the company were exchanged, compared to its average volume of 125,648. Epiroc AB has a 52 week low of $17.51 and a 52 week high of $26.33. The firm has a 50 day simple moving average of $20.63 and a 200-day simple moving average of $22.78.

About Epiroc AB (publ) (Get Rating)

Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in Sweden. It operates through Equipment & Service and Tools & Attachments segments. The Equipment & Service segment provides equipment and solutions for rock drilling, mechanical rock excavation, rock reinforcement, loading and haulage, exploration drilling, and ventilation systems, as well as drilling equipment for water and energy; and related spare parts, services, and solutions.

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