SGL Carbon (ETR:SGL) PT Set at €4.20 by Berenberg Bank
Berenberg Bank set a €4.20 ($4.88) price target on SGL Carbon (ETR:SGL) in a research note published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on the company. HSBC set a €4.00 ($4.65) target price on SGL Carbon and gave the stock a neutral rating in a report on Wednesday, October 30th. Baader Bank set a €3.00 ($3.49) target price on SGL Carbon and gave the stock a sell rating in a report on Friday, October 25th. Deutsche Bank set a €5.30 ($6.16) target price on SGL Carbon and gave the stock a neutral rating in a report on Thursday, August 15th. Finally, Kepler Capital Markets set a €3.00 ($3.49) target price on SGL Carbon and gave the stock a sell rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. SGL Carbon presently has an average rating of Sell and an average target price of €4.93 ($5.73).
SGL stock traded up €0.06 ($0.07) during mid-day trading on Tuesday, reaching €4.80 ($5.58). The company’s stock had a trading volume of 165,448 shares, compared to its average volume of 248,478. The company has a market cap of $580.79 million and a price-to-earnings ratio of -7.24. The business’s 50 day moving average price is €4.43 and its 200 day moving average price is €5.84. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 96.57. SGL Carbon has a 12 month low of €3.57 ($4.15) and a 12 month high of €9.39 ($10.92).
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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