SGL Carbon (ETR:SGL) received a €4.20 ($4.88) price target from research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price would suggest a potential downside of 12.43% from the stock’s previous close.
A number of other research firms have also recently commented on SGL. Baader Bank set a €3.00 ($3.49) target price on shares of SGL Carbon and gave the stock a “sell” rating in a research note on Friday, October 25th. Deutsche Bank set a €5.30 ($6.16) target price on shares of SGL Carbon and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Kepler Capital Markets set a €3.00 ($3.49) target price on shares of SGL Carbon and gave the stock a “sell” rating in a research note on Wednesday, October 30th. Finally, HSBC set a €4.00 ($4.65) target price on shares of SGL Carbon and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. SGL Carbon currently has an average rating of “Sell” and an average target price of €4.93 ($5.73).
SGL stock traded up €0.06 ($0.07) during trading on Tuesday, reaching €4.80 ($5.58). The company had a trading volume of 165,448 shares, compared to its average volume of 248,478. The firm has a 50-day simple moving average of €4.43 and a 200-day simple moving average of €5.84. The company has a market cap of $580.79 million and a price-to-earnings ratio of -7.24. The company has a debt-to-equity ratio of 96.57, a quick ratio of 1.72 and a current ratio of 3.02. SGL Carbon has a twelve month low of €3.57 ($4.15) and a twelve month high of €9.39 ($10.92).
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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