SGL Carbon (ETR:SGL) PT Set at €9.00 by Bank of America

SGL Carbon (ETR:SGL) has been assigned a €9.00 ($11.11) target price by analysts at Bank of America in a research note issued to investors on Tuesday, January 9th. The firm presently has a “sell” rating on the stock. Bank of America’s target price would suggest a potential downside of 25.50% from the company’s current price.

Several other research analysts have also recently weighed in on SGL. Warburg Research set a €13.00 ($16.05) target price on SGL Carbon and gave the company a “neutral” rating in a research note on Monday, September 11th. Baader Bank set a €12.00 ($14.81) target price on SGL Carbon and gave the company a “buy” rating in a research note on Thursday, September 21st. Kepler Capital Markets set a €7.00 ($8.64) target price on SGL Carbon and gave the company a “sell” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. set a €13.50 ($16.67) target price on SGL Carbon and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, S&P Global set a €13.00 ($16.05) target price on SGL Carbon and gave the company a “neutral” rating in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €11.89 ($14.68).

SGL Carbon (ETR SGL) traded down €0.25 ($0.31) during trading hours on Tuesday, hitting €12.08 ($14.91). The stock had a trading volume of 424,871 shares, compared to its average volume of 286,993. SGL Carbon has a 12 month low of €7.83 ($9.67) and a 12 month high of €14.70 ($18.15). The company has a market capitalization of $1,480.00 and a PE ratio of -46.46.

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About SGL Carbon

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.

Analyst Recommendations for SGL Carbon (ETR:SGL)

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