Siegfried (OTCMKTS:SGFEF) Shares Up 2.1% – Here’s Why

Siegfried Holding AG (OTCMKTS:SGFEF) shares were up 2.1% during trading on Friday . The stock traded as high as $104.61 and last traded at $104.61. Approximately 100 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 233 shares. The stock had previously closed at $102.50.

Analysts Set New Price Targets

Several analysts have recently commented on SGFEF shares. William Blair started coverage on Siegfried in a research note on Tuesday, September 9th. They issued an “outperform” rating for the company. Royal Bank Of Canada upgraded Siegfried from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Siegfried currently has a consensus rating of “Buy”.

Siegfried Stock Performance

The business has a 50 day simple moving average of $114.16 and a 200-day simple moving average of $309.16.

Siegfried Company Profile

Siegfried Holding AG, together with its subsidiaries, provides contract development and manufacturing of active pharmaceutical ingredients (API) and finished dosage forms to the pharmaceutical industry worldwide. It offers pharmaceutical and analytical development, process and analytical transfer, commercial manufacturing and packaging, and scale-up and clinical trial material production services.