Indus (ETR:INH) has been given a €43.00 ($50.00) target price by equities researchers at Independent Research in a report released on Thursday, September 19th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 14.21% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on INH. Warburg Research set a €56.00 ($65.12) price objective on Indus and gave the stock a “buy” rating in a report on Tuesday, August 13th. HSBC set a €53.00 ($61.63) price objective on Indus and gave the stock a “buy” rating in a report on Friday, September 6th.
INH stock traded up €1.40 ($1.63) during trading on Thursday, hitting €37.65 ($43.78). The stock had a trading volume of 17,776 shares, compared to its average volume of 22,718. The company has a debt-to-equity ratio of 100.81, a current ratio of 1.67 and a quick ratio of 0.73. Indus has a twelve month low of €31.30 ($36.40) and a twelve month high of €49.85 ($57.97). The stock has a market capitalization of $920.56 million and a P/E ratio of 14.16. The company’s 50-day moving average price is €36.26 and its two-hundred day moving average price is €39.67.
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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