Steelcase Inc. which can be found using ticker (SCS) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 11 and 7 calculating the mean target price we have $9.00. Now with the previous closing price of $7.18 this is indicating there is a potential upside of 25.3%. The 50 day moving average now sits at $7.60 and the 200 day MA is $8.82. The company has a market capitalization of $811m. You can visit the company’s website by visiting: https://www.steelcase.com
The potential market cap would be $1,017m based on the market consensus.
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company’s furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company’s interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
The company has a dividend yield of 5.59% with the ex dividend date set at 4-4-2023 (DMY).
