Societe Generale Lowers Henkel AG & Co. KGaA (OTCMKTS:HENKY) to Hold

Henkel AG & Co. KGaA (OTCMKTS:HENKYGet Rating) was downgraded by investment analysts at Societe Generale from a “buy” rating to a “hold” rating in a report issued on Monday, The Fly reports.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Henkel AG & Co. KGaA from €74.00 ($77.89) to €70.00 ($73.68) and set a “neutral” rating on the stock in a research report on Tuesday, May 3rd. Barclays dropped their price objective on shares of Henkel AG & Co. KGaA from €76.00 ($80.00) to €70.00 ($73.68) in a report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft cut shares of Henkel AG & Co. KGaA from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Royal Bank of Canada cut shares of Henkel AG & Co. KGaA from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 17th. Finally, Credit Suisse Group lowered their target price on shares of Henkel AG & Co. KGaA from €80.00 ($84.21) to €75.00 ($78.95) in a research note on Wednesday, March 30th. Eleven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Henkel AG & Co. KGaA presently has an average rating of “Hold” and a consensus target price of $60.80.

Henkel AG & Co. KGaA stock opened at $15.94 on Monday. The firm’s 50-day moving average is $16.58 and its 200-day moving average is $18.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.84 and a current ratio of 1.12. Henkel AG & Co. KGaA has a 1 year low of $15.22 and a 1 year high of $26.04.

Henkel AG & Co. KGaA Company Profile (Get Rating)

Henkel AG & Co KGaA, together with its subsidiaries, engages in the adhesive technologies, beauty care, and laundry and home care businesses worldwide. The company's Adhesive Technologies segment offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; automotive and metals; electronics and industrials; and craftsmen, construction, and professional industries.

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