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JP Morgan Chase & Co. reported on Stabilus (ETR:STM), bumping up its target price to 54.00EUR today

Yesterday Stabilus (ETR:STM) traded 1.13% higher at 46.70EUR. The company’s 50-day moving average is 8.86EUR and its 200-day moving average is 7.31EUR. The last closing price is up 34.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,566,380 shares of the stock were exchanged, down from an average trading volume of 2,755,370

Stabilus (ETR:STM) had its target price raised to 54.00EUR by JP Morgan Chase & Co. in a report released 11/29/2016. The new target price indicates a possible upside of 0.16% based on the company's last closing price.

Previously on Monday March 07, 2016, Oddo Seydler Bank AG reported on Stabilus (ETR:STM) raised the target price from 0.00EUR to 48.00EUR. At the time, this indicated a possible upside of 0.18%.

See Chart Below

Stabilus (ETR:STM)

Stabilus has a 52 week low of 5.11EUR and a 52 week high of 9.93EUR with a P/E ratio of 164.33 The company’s market cap is currently 0 EUR.

In addition to JP Morgan Chase & Co. reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average target is 6.42EUR with 0 firms rating the stock a strong buy, 2 equity analysts rating the company a buy, three equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the company a sell.

More About Stabilus (ETR:STM)

Stabilus SA, formerly Servus HoldCo SARL is a Luxembourg-based company. The Company is the automotive and industrial supplier. It develops and produces electromechanical drives, gas springs and dampers. Its products in the automotive segment are used in a broad range of applications such as tailgates, hoods, doors and convertible tops. In addition, Stabilus SA supplies industrial customers, for example in medical and rehab technology (operating tables, hospital beds, wheelchairs), transportation and traffic (flaps and lids for luggage, loading and maintenance), furniture (cabinet lids, beds, tables) and house and building technology (skylights, smoke exhaust vents, awnings).

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