Brokerage Firm Rating Update on Steelcase (SCS)

Steelcase (SCS) has an average broker rating of 3, which is interpreted as a Hold, as rated by 1 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


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

Steelcase (NYSE:SCS): The stock opened at $14.78 and touched an intraday high of $14.91 on Wednesday. During the day, the stock corrected to an intraday low of $14.75, however, the bulls stepped in and pushed the price higher to close in the green at $14.83 with a gain of 0.54% for the day. The total traded volume for the day was 720,644. The stock had closed at $14.75 in the previous trading session.

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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