SGL Carbon (ETR:SGL) has been assigned a €13.00 ($15.48) price objective by analysts at Cfra in a report released on Friday, May 11th. The brokerage currently has a “buy” rating on the stock. Cfra’s price objective points to a potential upside of 19.49% from the company’s current price.
Several other brokerages also recently weighed in on SGL. Berenberg Bank set a €13.50 ($16.07) target price on shares of SGL Carbon and gave the stock a “buy” rating in a report on Thursday, March 15th. JPMorgan Chase set a €14.10 ($16.79) price target on shares of SGL Carbon and gave the company a “buy” rating in a report on Wednesday, March 14th. Commerzbank set a €9.00 ($10.71) price target on shares of SGL Carbon and gave the company a “sell” rating in a report on Thursday, March 15th. Societe Generale set a €15.00 ($17.86) price objective on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, Kepler Capital Markets set a €7.00 ($8.33) target price on shares of SGL Carbon and gave the stock a “sell” rating in a research report on Wednesday, March 14th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €12.16 ($14.48).
SGL remained flat at $€10.88 ($12.95) during mid-day trading on Friday. 152,465 shares of the company’s stock were exchanged, compared to its average volume of 248,478. SGL Carbon has a 1-year low of €8.09 ($9.63) and a 1-year high of €14.70 ($17.50).
SGL Carbon SE manufactures and sells carbon and graphite products in Europe, Asia, Africa, Australia, and Latin and North America. The company operates in two business units, Composites-Fibers & Materials; and Graphite Materials & Systems. It provides process solutions for chemical and related industries; and equipment solutions, such as heat exchangers, quenchers, pumps, rupture disks, piping products, expansion joints/bellows, dip and intel pipes, liners and lining services, and other components, as well as columns, reactors, and vessels.
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