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Zacks Investment Research announced Steelcase Inc. (NYSE:SCS), bumping up its stock price target to $16.00 today

In a report released on 9/28/2016 Zacks Investment Research increased the stock price target of Steelcase Inc. (NYSE:SCS) to $16.00 reporting a possible upside of 0.14%.

Just yesterday Steelcase Inc. (NYSE:SCS) traded 0.87% higher at $14.06. Steelcase Inc.’s 50-day moving average is $14.25 and its 200-day moving average is $14.72. The last closing price is down -5.63% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 967,921 shares of SCS traded hands, up from an average trading volume of 764,561

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Steelcase Inc. (NYSE:SCS)

Steelcase Inc. has 52 week low of $11.67 and a 52 week high of $20.37 with a PE ratio of 10.01 and has a market capitalization of $0.

Brief Synopsis On Steelcase Inc. (NYSE:SCS)

Steelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company's segments include Americas, EMEA and Other Category. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. Its family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.

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