POSCO (PKX) Upgraded by Goldman Sachs Group to Buy
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of POSCO from a buy rating to a hold rating in a research note on Wednesday, September 20th. Deutsche Bank raised shares of POSCO from a hold rating to a buy rating in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $82.00.
Shares of POSCO (PKX) traded up $4.22 during trading on Tuesday, hitting $82.35. 387,000 shares of the company’s stock were exchanged, compared to its average volume of 239,200. The firm has a market capitalization of $25,000.66, a P/E ratio of 12.65, a P/E/G ratio of 1.76 and a beta of 1.13. POSCO has a 1-year low of $50.37 and a 1-year high of $82.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.68.
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POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.
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