Faurecia S.E. (OTCMKTS:FURCF) Price Target Lowered to €35.00 at UBS Group

Faurecia S.E. (OTCMKTS:FURCFGet Rating) had its price target dropped by UBS Group from €44.00 ($45.83) to €35.00 ($36.46) in a research report issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock.

Several other research analysts also recently commented on FURCF. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Faurecia S.E. from €55.00 ($57.29) to €50.00 ($52.08) and set a “buy” rating for the company in a report on Thursday, March 31st. Morgan Stanley cut their price objective on shares of Faurecia S.E. from €48.00 ($50.00) to €38.00 ($39.58) in a report on Friday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of Faurecia S.E. from €60.00 ($62.50) to €40.00 ($41.67) and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of Faurecia S.E. from €55.00 ($57.29) to €40.00 ($41.67) in a research note on Wednesday, April 6th. Finally, Berenberg Bank increased their target price on shares of Faurecia S.E. from €55.00 ($57.29) to €56.00 ($58.33) in a research note on Wednesday, February 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $45.00.

FURCF traded down $1.81 on Tuesday, hitting $21.58. The company’s stock had a trading volume of 369 shares, compared to its average volume of 599. The company’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $38.92. Faurecia S.E. has a 12 month low of $20.99 and a 12 month high of $57.28.

Faurecia S.E. Company Profile (Get Rating)

Faurecia S.E., together with its subsidiaries, manufactures and sells automotive equipment in France, Germany, other European countries, North America, South America, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, and Clarion Electronics segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers and foams, and comfort solutions.

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