Berenberg Bank set a €3.50 ($4.07) price objective on SGL Carbon (ETR:SGL) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also issued reports on SGL. Deutsche Bank set a €5.30 ($6.16) target price on shares of SGL Carbon and gave the company a neutral rating in a research report on Thursday. Kepler Capital Markets set a €6.50 ($7.56) target price on shares of SGL Carbon and gave the company a neutral rating in a research report on Tuesday, May 7th. HSBC set a €7.00 ($8.14) target price on shares of SGL Carbon and gave the company a neutral rating in a research report on Thursday, August 8th. Finally, Baader Bank set a €3.00 ($3.49) price objective on shares of SGL Carbon and gave the stock a sell rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. SGL Carbon presently has a consensus rating of Hold and an average price target of €7.37 ($8.57).
Shares of SGL Carbon stock opened at €3.65 ($4.24) on Friday. SGL Carbon has a 1 year low of €5.45 ($6.33) and a 1 year high of €12.00 ($13.95). The firm has a market cap of $446.29 million and a PE ratio of 130.36. The company has a debt-to-equity ratio of 109.59, a current ratio of 2.99 and a quick ratio of 1.69. The company has a 50 day simple moving average of €6.16 and a two-hundred day simple moving average of €7.08.
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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