Steelcase Inc. found using ticker (SCS) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 19 and 11 calculating the average target price we see 15. With the stocks previous close at 11.96 this now indicates there is a potential upside of 25.4%. There is a 50 day moving average of 11.91 while the 200 day moving average is 13.15. The market capitalisation for the company is $1,338m. Company Website: https://www.steelcase.com
The potential market cap would be $1,679m based on the market concensus.
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company’s furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company’s interior architectural products include 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, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, and Designtex 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.
