Faurecia S.E. (OTCMKTS:FURCF – Get Rating) had its target price cut by Royal Bank of Canada from €31.00 ($31.63) to €25.00 ($25.51) in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a "sector perform" rating on the stock.
A number of other research firms also recently commented on FURCF. Deutsche Bank Aktiengesellschaft decreased their price target on Faurecia S.E. from €55.00 ($56.12) to €50.00 ($51.02) and set a "buy" rating for the company in a research note on Thursday, March 31st. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley decreased 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. Barclays downgraded Faurecia S.E. from an "overweight" rating to an "underweight" rating and set a $15.00 target price for the company. in a research note on Wednesday, July 6th. Finally, UBS Group decreased their target price on Faurecia S.E. from €44.00 ($44.90) to €35.00 ($35.71) and set a "buy" rating for the company in a research note on Tuesday, May 17th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.38.
Get Faurecia S.E. alerts:Faurecia S.E. Stock Performance
OTCMKTS:FURCF opened at $18.38 on Wednesday. Faurecia S.E. has a one year low of $15.55 and a one year high of $55.32. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $29.18.
About Faurecia S.E.
(Get Rating)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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