SGL Carbon (ETR:SGL) received a €15.00 ($18.52) target price from equities research analysts at Societe Generale in a research report issued on Wednesday, March 14th. The brokerage currently has a “buy” rating on the stock. Societe Generale’s price objective points to a potential upside of 37.36% from the company’s current price.
Other equities analysts also recently issued research reports about the company. JPMorgan Chase set a €14.10 ($17.41) target price on SGL Carbon and gave the company a “buy” rating in a research report on Wednesday, March 14th. Berenberg Bank set a €13.50 ($16.67) target price on SGL Carbon and gave the company a “buy” rating in a research report on Tuesday, December 12th. Baader Bank set a €14.00 ($17.28) target price on SGL Carbon and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Kepler Capital Markets set a €7.00 ($8.64) target price on SGL Carbon and gave the company a “sell” rating in a research report on Wednesday, March 14th. Finally, Commerzbank set a €9.00 ($11.11) target price on SGL Carbon and gave the company a “sell” rating in a research report on Friday, March 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of €12.16 ($15.01).
SGL traded down €0.10 ($0.12) during trading on Wednesday, hitting €10.92 ($13.48). The company’s stock had a trading volume of 131,137 shares, compared to its average volume of 248,478. SGL Carbon has a twelve month low of €8.09 ($9.99) and a twelve month 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.
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