Posted by admin on Jun 6th, 2022
Outokumpu Oyj (OTCMKTS:OUTFF – Get Rating) was upgraded by equities researchers at Credit Suisse Group to a “buy” rating in a report released on Monday, TipRanks reports. The firm currently has a $6.90 price objective on the stock. Credit Suisse Group’s price target would suggest a potential upside of 24.32% from the stock’s current price.
Separately, Morgan Stanley lifted their price objective on shares of Outokumpu Oyj from €5.20 ($5.59) to €6.60 ($7.10) and gave the company an “equal weight” rating in a report on Tuesday, May 31st.
OTCMKTS OUTFF remained flat at $$5.55 during trading on Monday. Outokumpu Oyj has a 1 year low of $5.00 and a 1 year high of $6.84. The company has a fifty day moving average price of $5.56 and a two-hundred day moving average price of $5.87.
Outokumpu Oyj Company Profile (Get Rating)
Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.
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