Hauck & Aufhaeuser set a €67.00 ($77.91) price target on Cancom (ETR:COK) in a research note released on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other equities research analysts also recently issued reports on the company. Berenberg Bank set a €58.00 ($67.44) price objective on Cancom and gave the stock a buy rating in a research report on Friday, November 15th. Warburg Research set a €56.00 ($65.12) price objective on Cancom and gave the stock a buy rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of €56.00 ($65.12).
Shares of ETR:COK traded up €0.70 ($0.81) during midday trading on Wednesday, reaching €51.70 ($60.12). 129,744 shares of the company traded hands, compared to its average volume of 91,248. The firm’s fifty day moving average price is €52.22 and its two-hundred day moving average price is €50.69. The firm has a market capitalization of $1.99 billion and a price-to-earnings ratio of 33.20. The company has a quick ratio of 1.26, a current ratio of 1.44 and a debt-to-equity ratio of 18.23. Cancom has a 12 month low of €28.86 ($33.56) and a 12 month high of €56.60 ($65.81).
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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