SGL Carbon (ETR:SGL) received a €9.00 ($10.71) price objective from equities research analysts at Bank of America in a research report issued to clients and investors on Tuesday. The firm currently has a “sell” rating on the stock. Bank of America’s target price would indicate a potential downside of 27.24% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Commerzbank set a €9.00 ($10.71) price objective on shares of SGL Carbon and gave the company a “sell” rating in a report on Thursday, December 14th. Berenberg Bank set a €13.50 ($16.07) price objective on shares of SGL Carbon and gave the company a “buy” rating in a report on Tuesday, December 12th. Baader Bank set a €14.00 ($16.67) price objective on shares of SGL Carbon and gave the company a “neutral” rating in a report on Wednesday, December 6th. Societe Generale set a €15.00 ($17.86) price objective on shares of SGL Carbon and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Kepler Capital Markets set a €7.00 ($8.33) price objective on shares of SGL Carbon and gave the company a “sell” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €11.89 ($14.15).
Shares of SGL Carbon (SGL) opened at €12.37 ($14.73) on Tuesday. SGL Carbon has a twelve month low of €7.83 ($9.32) and a twelve month high of €14.70 ($17.50). The firm has a market cap of $1,510.00 and a PE ratio of -47.58.
SGL Carbon Company Profile
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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