Kurssturz für französischen Haushaltsartikelhersteller SEB

Impending loss of revenue would bring SEB the biggest drop in price in half a year. The shares of the French household goods manufacturer, which includes the brands "Tefal", "Krups" and "WMF", fell by a good six percent to a twelve-month low of 121 euros. The SEB plant in the Chinese province of Wuhan, which is particularly affected by the corona virus, is at a standstill and it is unclear whether the sales losses can be made up for, the HSBC analysts wrote. They lowered their target price by 16 percent to 150 euros.