Warburg Research set a €51.00 ($59.30) price objective on Indus (ETR:INH) in a research note published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also recently weighed in on INH. Independent Research set a €39.00 ($45.35) price objective on shares of Indus and gave the stock a neutral rating in a research note on Tuesday, October 15th. HSBC set a €50.00 ($58.14) price objective on shares of Indus and gave the stock a buy rating in a research note on Friday, October 18th.
Shares of INH traded up €0.05 ($0.06) during mid-day trading on Thursday, reaching €36.95 ($42.97). 19,999 shares of the company’s stock were exchanged, compared to its average volume of 22,718. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 100.81. The company has a 50-day simple moving average of €35.86 and a two-hundred day simple moving average of €38.09. Indus has a 52-week low of €31.30 ($36.40) and a 52-week high of €48.40 ($56.28). The company has a market cap of $903.45 million and a price-to-earnings ratio of 13.90.
Indus Company Profile
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.
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