Faurecia S.E. (OTCMKTS:FURCF – Get Rating) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 188,900 shares, a drop of 11.2% from the July 15th total of 212,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 1,889.0 days.
Wall Street Analyst Weigh In
Several analysts have weighed in on FURCF shares. Barclays downgraded shares of Faurecia S.E. from an "overweight" rating to an "underweight" rating and set a $15.00 target price on the stock. in a research report on Wednesday, July 6th. Morgan Stanley reduced their target price on Faurecia S.E. from €48.00 ($48.98) to €38.00 ($38.78) in a research note on Friday, April 29th. UBS Group dropped their price target on Faurecia S.E. from €44.00 ($44.90) to €35.00 ($35.71) and set a "buy" rating on the stock in a research note on Tuesday, May 17th. JPMorgan Chase & Co. reduced their price objective on Faurecia S.E. from €60.00 ($61.22) to €40.00 ($40.82) and set an "overweight" rating for the company in a research note on Monday, May 16th. Finally, Jefferies Financial Group upgraded shares of Faurecia S.E. from a "hold" rating to a "buy" rating in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.38.
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Faurecia S.E. Trading Up 0.1 %
FURCF traded up $0.02 on Wednesday, hitting $17.27. 460 shares of the company's stock were exchanged, compared to its average volume of 743. Faurecia S.E. has a fifty-two week low of $15.55 and a fifty-two week high of $55.32. The firm has a 50-day moving average price of $19.15 and a 200-day moving average price of $26.32.
Faurecia S.E. Company Profile
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Faurecia S.E., together with its subsidiaries, manufactures and sells automotive equipment in France, Germany, other European countries, North America, South America, Asia, and internationally. It operates through Seating, Interiors, Clean Mobility, and Clarion Electronics segments. The Seating segment designs and manufactures vehicle seats, seating frames, covers and foams, and comfort solutions.
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