In a report released on September 6, Karel Zoete from Kepler Capital maintained a Buy rating on Corbion NV (0QHL – Research Report), with a price target of €30.00. The company’s shares closed last Friday at €23.63.
According to TipRanks, Zoete is ranked #5350 out of 8977 analysts.
Corbion NV has an analyst consensus of Strong Buy, with a price target consensus of €26.17, representing a 10.76% upside. In a report released on August 29, Barclays also upgraded the stock to a Buy with a €24.50 price target.
The company has a one-year high of €23.86 and a one-year low of €14.58. Currently, Corbion NV has an average volume of 8,053.
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Corbion NV (0QHL) Company Description:
Corbion NV is a Netherlands-based company that produces food ingredients and biobased chemicals. It operates through two business lines: ingredient solutions and innovation platforms. The ingredient solutions segment focuses on supplying food preservation ingredients and microbial spoilage prevention products for the baking, meat, dairy, and other industries, and also biochemicals derived from renewable resources such as sugar or starch used in various industries such as agrochemicals, resin adhesives, pharmaceutical, and animal healthcare, among others. The innovation platforms segment creates new biotechnology business platforms. A vast majority of the revenue comes from the ingredient solutions segment, and more than half of the company’s revenue is earned in North America.
