SGL Carbon (SGL) Given a €9.00 Price Target by Commerzbank Analysts
SGL Carbon (ETR:SGL) has been assigned a €9.00 ($11.11) target price by Commerzbank in a report issued on Friday. The brokerage currently has a “sell” rating on the stock. Commerzbank’s price objective would suggest a potential downside of 23.79% from the stock’s previous close.
SGL has been the subject of a number of other research reports. Bank of America set a €9.00 ($11.11) price target on shares of SGL Carbon and gave the stock a “sell” rating in a report on Tuesday, January 9th. Berenberg Bank set a €13.50 ($16.67) price target on shares of SGL Carbon and gave the stock a “buy” rating in a report on Tuesday, December 12th. Kepler Capital Markets set a €7.00 ($8.64) price objective on shares of SGL Carbon and gave the stock a “sell” rating in a research report on Monday, November 27th. S&P Global set a €13.00 ($16.05) price objective on shares of SGL Carbon and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Baader Bank set a €14.00 ($17.28) price objective on shares of SGL Carbon and gave the stock a “neutral” rating in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €11.89 ($14.68).
Shares of SGL Carbon (ETR SGL) opened at €11.81 ($14.58) on Friday. SGL Carbon has a twelve month low of €8.05 ($9.94) and a twelve month high of €14.70 ($18.15). The firm has a market cap of $1,430.00 and a P/E ratio of -45.42.
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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