Aurubis (OTCMKTS:AIAGY – Get Rating) had its price objective reduced by equities researchers at Morgan Stanley from €87.00 ($91.58) to €81.00 ($85.26) in a report released on Thursday, The Fly reports.
Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Aurubis from €90.00 ($94.74) to €95.00 ($100.00) and gave the stock a “hold” rating in a report on Thursday, April 14th.
Shares of AIAGY traded down $2.14 during mid-day trading on Thursday, hitting $39.09. 118 shares of the company’s stock were exchanged, compared to its average volume of 476. Aurubis has a 52 week low of $37.00 and a 52 week high of $63.50. The stock’s 50-day simple moving average is $53.73 and its 200-day simple moving average is $54.66.
Aurubis AG processes metal concentrates and recycling materials in Germany. The company processes scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. It also offers wire rods and specialty wires, shapes, bars and profiles, industrial rolled products, and architectural rolled products.
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