SGL Carbon (ETR:SGL) received a €14.10 ($17.41) price objective from investment analysts at JPMorgan Chase & Co. in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 15.38% from the stock’s previous close.
A number of other brokerages have also recently weighed in on SGL. Commerzbank set a €9.00 ($11.11) price target on shares of SGL Carbon and gave the company a “sell” rating in a research report on Friday, March 9th. Baader Bank set a €14.00 ($17.28) price target on shares of SGL Carbon and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Kepler Capital Markets set a €7.00 ($8.64) price target on shares of SGL Carbon and gave the company a “sell” rating in a research report on Monday, November 27th. Berenberg Bank set a €13.50 ($16.67) price target on shares of SGL Carbon and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, Bank of America set a €9.00 ($11.11) price target on shares of SGL Carbon and gave the company a “sell” rating in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €11.96 ($14.76).
SGL Carbon (ETR SGL) opened at €12.22 ($15.09) on Wednesday. The firm has a market cap of $1,520.00 and a P/E ratio of -47.00. SGL Carbon has a 12-month low of €8.05 ($9.94) and a 12-month high of €14.70 ($18.15).
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SGL Carbon SE, together with its subsidiaries, manufactures and sells carbon and graphite products in Germany, the Asia Pacific/Middle East, rest of Europe, and North America. The company operates through two segments, Composites-Fibers & Materials; and Graphite Materials & Systems. It provides process solutions for the chemical and related industries; and equipment solutions, such as graphite and silicon carbide heat exchangers, special heat exchangers, quenchers, pumps, rupture disks, piping products, expansion joints/bellows, dip and intel pipes, liners and lining services, and supplementary components, as well as columns, reactors, and vessels.
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