Brokerages Set SGL Carbon SE (SGL) Target Price at $12.16

Shares of SGL Carbon SE (ETR:SGL) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is €12.16 ($15.01).

Several equities research analysts have weighed in on the company. Berenberg Bank set a €13.50 ($16.67) price target on SGL Carbon and gave the stock a “buy” rating in a research report on Thursday, March 15th. Cfra set a €14.00 ($17.28) price target on SGL Carbon and gave the stock a “neutral” rating in a research report on Friday, March 16th. Bank of America set a €9.00 ($11.11) price target on SGL Carbon and gave the stock a “sell” rating in a research report on Tuesday, January 9th. JPMorgan Chase set a €14.10 ($17.41) price target on SGL Carbon and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, Commerzbank set a €9.00 ($11.11) price target on SGL Carbon and gave the stock a “sell” rating in a research report on Thursday, March 15th.

SGL traded down €0.10 ($0.12) during midday trading on Wednesday, hitting €10.92 ($13.48). 131,137 shares of the company were exchanged, compared to its average volume of 248,478. SGL Carbon has a 1-year low of €8.09 ($9.99) and a 1-year high of €14.70 ($18.15).

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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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