Berenberg Bank set a €58.00 ($67.44) price target on Cancom (ETR:COK) in a research note published on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other equities analysts also recently commented on COK. HSBC set a €55.00 ($63.95) price objective on shares of Cancom and gave the stock a buy rating in a research report on Thursday, August 15th. Hauck & Aufhaeuser set a €67.00 ($77.91) price objective on shares of Cancom and gave the stock a buy rating in a research report on Thursday. Finally, Warburg Research set a €57.00 ($66.28) price objective on shares of Cancom and gave the stock a buy rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of €56.20 ($65.35).
Shares of Cancom stock opened at €53.15 ($61.80) on Friday. The company has a market cap of $1.86 billion and a P/E ratio of 39.75. The company has a debt-to-equity ratio of 14.22, a quick ratio of 1.21 and a current ratio of 1.35. Cancom has a one year low of €27.28 ($31.72) and a one year high of €56.60 ($65.81). The firm has a fifty day moving average of €49.44 and a two-hundred day moving average of €48.31.
CANCOM SE provides information technology (IT) infrastructure and services in Germany, Austria, Belgium, Switzerland, the United States, and the United Kingdom. The company operates through Cloud Solutions and IT Solutions segments. The Cloud Solutions segment provides cloud and shared managed services, including project-related cloud hardware, software, and services.
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