Steelcase Inc. – Consensus Indicates Potential 29.4% Upside

Broker Ratings

Steelcase Inc. with ticker code (SCS) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 12 and 10 calculating the average target price we see 11. Given that the stocks previous close was at 8.5 this indicates there is a potential upside of 29.4%. The day 50 moving average is 7.63 while the 200 day moving average is 10.57. The company has a market cap of $954m. Visit the company website at: https://www.steelcase.com

The potential market cap would be $1,235m based on the market concensus.

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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.

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