Analyst Rating Update on Steelcase (SCS)

Steelcase (NYSE:SCS) : The consensus on Steelcase (NYSE:SCS) based on 2 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

For the current week, the company shares have a recommendation consensus of Buy.

Steelcase (NYSE:SCS): On Tuesdays trading session , Opening price of the stock was $13.34 with an intraday high of $13.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.1. However, the stock managed to close at $13.18, a loss of 0.23% for the day. On the previous day, the stock had closed at $13.21. The total traded volume of the day was 1,919,746 shares.

In an insider trading activity,The officer (VP, Strategy, Research & NBI) of Steelcase Inc, Armbruster Sara E sold 10,000 shares at $14.76 on March 29, 2016. The Insider selling transaction had a total value worth of $147,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Steelcase Inc. (Steelcase) provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Companys furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs which are ergonomic, seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. The Companys technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. The Companys family of brands include Steelcase, Coalesse, Details, Designtex, PolyVision and Turnstone. The Companys operational segments include Americas, Europe, the Middle East and Africa (EMEA), Other Category and Corporate.

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