In a report released today, Thorsten Reigber from DZ BANK AG maintained a Hold rating on Rational (0FRJ – Research Report). The company’s shares closed yesterday at €847.30.
According to TipRanks, Reigber is a 4-star analyst with an average return of 6.7% and a 54.91% success rate.
Currently, the analyst consensus on Rational is a Hold with an average price target of €822.71, representing a -2.90% downside. In a report released today, Barclays also maintained a Hold rating on the stock with a €872.00 price target.
Based on Rational’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €290.43 million and a net profit of €61.03 million. In comparison, last year the company earned a revenue of €193.46 million and had a net profit of €21.66 million
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Rational (0FRJ) Company Description:
Rational AG makes and distributes cooking appliances used in professional kitchens. The company produces self-cooking appliances that use steam, hot air, or liquids to heat food combining conventional cooking systems, allowing for an automated meal-preparation process. The customers include restaurants, hotels, large-scale catering operations, and quick-service providers. Rational’s segments are reported as: DACH (Germany, Austria, Switzerland), EMEA (Europe, Middle East, Africa), Americas (North and Latin America) and Asia. Their core market is Europe, generating more than half of total sales revenue.
