Steelcase . found using ticker (SCS) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 19 and 11 with a mean TP of 15. With the stocks previous close at 12.25 this now indicates there is a potential upside of 22.4%. The day 50 moving average is 12.14 and the 200 moving average now moves to 12.88. The market capitalisation for the company is $1,386m. Visit the company website at: https://www.steelcase.com
The potential market cap would be $1,697m based on the market concensus.
Steelcase . 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 ludes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, luding 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 lude 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.
