Sims Metal Management Ltd Stock Rating Reaffirmed by Deutsche Bank (SGM)
Sims Metal Management Ltd (ASX:SGM)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Wednesday, American Banking News.com reports. They currently have a $12.66 price target on the stock.
Shares of Sims Metal Management Ltd (ASX:SGM) traded down 1.39% on Wednesday, hitting A$10.650. The stock had a trading volume of 577,878 shares. Sims Metal Management Ltd has a 52-week low of A$8.110 and a 52-week high of A$11.410. The stock’s 50-day moving average is A$10.46 and its 200-day moving average is A$9.82. The company’s market cap is A$2.176 billion.
Sims Metal Management Limited is engaged in ferrous secondary recycling, non-ferrous secondary recycling, recycling solutions, and secondary processing and other services.
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