Cfra Reiterates €11.50 Price Target for SGL Carbon (SGL)

Cfra set a €11.50 ($13.37) target price on SGL Carbon (ETR:SGL) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Kepler Capital Markets set a €8.50 ($9.88) target price on SGL Carbon and gave the stock a neutral rating in a research report on Monday, October 15th. Societe Generale set a €13.50 ($15.70) target price on SGL Carbon and gave the stock a buy rating in a research report on Tuesday, August 7th. Baader Bank set a €14.00 ($16.28) target price on SGL Carbon and gave the stock a neutral rating in a research report on Thursday, July 12th. Commerzbank set a €9.00 ($10.47) target price on SGL Carbon and gave the stock a sell rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. set a €14.10 ($16.40) target price on SGL Carbon and gave the stock a buy rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. SGL Carbon presently has an average rating of Hold and a consensus price target of €11.73 ($13.64).

Shares of SGL Carbon stock opened at €9.52 ($11.06) on Wednesday. SGL Carbon has a 12-month low of €8.09 ($9.41) and a 12-month high of €14.70 ($17.09).

About SGL Carbon

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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