SGL Carbon SE (SGL) Receives Average Rating of “Hold” from Brokerages
Shares of SGL Carbon SE (ETR:SGL) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is €10.34 ($12.16).
A number of equities analysts have issued reports on SGL shares. Commerzbank Ag set a €10.00 ($11.76) price objective on shares of SGL Carbon SE and gave the stock a “neutral” rating in a report on Wednesday, July 26th. J P Morgan Chase & Co set a €7.85 ($9.24) price objective on shares of SGL Carbon SE and gave the stock a “sell” rating in a report on Saturday, May 20th. Societe Generale set a €12.00 ($14.12) price target on shares of SGL Carbon SE and gave the stock a “buy” rating in a report on Tuesday, June 6th. S&P Global set a €8.80 ($10.35) price target on shares of SGL Carbon SE and gave the stock a “sell” rating in a report on Monday, May 29th. Finally, Warburg Research set a €10.00 ($11.76) price target on shares of SGL Carbon SE and gave the stock a “neutral” rating in a report on Monday, May 29th.
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SGL Carbon SE (SGL) traded down 0.60% on Tuesday, hitting €12.17. 39,618 shares of the company were exchanged. The stock has a 50 day moving average price of €11.12 and a 200 day moving average price of €9.93. SGL Carbon SE has a one year low of €7.80 and a one year high of €12.47. The firm’s market cap is €1.49 billion.
About SGL Carbon SE
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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