SGL Carbon (SGL) Given a €12.00 Price Target by Baader Bank Analysts
SGL Carbon (ETR:SGL) received a €12.00 ($13.95) target price from analysts at Baader Bank in a report issued on Tuesday. The firm currently has a “neutral” rating on the stock. Baader Bank’s price target suggests a potential upside of 22.70% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. Kepler Capital Markets set a €8.50 ($9.88) price objective on SGL Carbon and gave the company a “neutral” rating in a research note on Monday, October 15th. Societe Generale set a €13.50 ($15.70) price objective on SGL Carbon and gave the company a “buy” rating in a research note on Tuesday, August 7th. Commerzbank set a €9.00 ($10.47) price objective on SGL Carbon and gave the company a “sell” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. set a €14.10 ($16.40) price objective on SGL Carbon and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Berenberg Bank set a €13.50 ($15.70) price objective on SGL Carbon and gave the company a “buy” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €11.73 ($13.64).
Shares of ETR:SGL opened at €9.78 ($11.37) on Tuesday. SGL Carbon has a 1 year low of €8.09 ($9.41) and a 1 year high of €14.70 ($17.09).
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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