Carbios SA (COOSF) was Downgraded to a Hold Rating at Kepler Capital

Kepler Capital analyst Christian Faitz downgraded Carbios SA (COOSFResearch Report) to Hold on September 14 and set a price target of EUR22.00. The company’s shares closed last Tuesday at $36.62.

According to TipRanks.com, Faitz is a 1-star analyst with an average return of -2.8% and a 40.6% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, Clariant AG, and LANXESS.

Carbios SA has an analyst consensus of Hold, with a price target consensus of $26.05.

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The company has a one-year high of $50.00 and a one-year low of $7.66. Currently, Carbios SA has an average volume of 2,888.

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Carbios SA specializes in developing industrial bio-process for the recycling of plastic waste and the production of the biopolymer. The company creates a new generation of fully biodegradable plastics with a controlled lifespan, a process enabling infinite biorecycling of plastic waste (PET) and a new biological pathway to produce biosourced polymers. It uses Biodegradation; Biorecycling and Bioproduction techniques.