Berenberg Bank set a €52.50 ($61.05) target price on Befesa (ETR:BFSA) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on BFSA. JPMorgan Chase & Co. set a €44.00 ($51.16) target price on shares of Befesa and gave the stock a buy rating in a research report on Tuesday. Goldman Sachs Group set a €40.00 ($46.51) target price on shares of Befesa and gave the stock a neutral rating in a research report on Wednesday, November 28th. Commerzbank set a €68.00 ($79.07) target price on shares of Befesa and gave the stock a buy rating in a research report on Friday, November 23rd. Finally, Citigroup set a €50.00 ($58.14) target price on shares of Befesa and gave the stock a buy rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of €50.90 ($59.19).

ETR:BFSA opened at €36.35 ($42.27) on Wednesday.

About Befesa

Befesa SA, a services company, offers waste management solutions. It operates through Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments. The Steel Dust Recycling Services segment collects and recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; and produces waelz oxide and other metals.

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Analyst Recommendations for Befesa (ETR:BFSA)

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