SGL Carbon (SGL) Given a €14.00 Price Target at Baader Bank
SGL Carbon (ETR:SGL) received a €14.00 ($16.67) price objective from analysts at Baader Bank in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Baader Bank’s target price would suggest a potential upside of 27.56% from the stock’s current price.
SGL has been the topic of a number of other reports. J P Morgan Chase & Co set a €13.50 ($16.07) target price on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Monday, August 28th. Warburg Research set a €13.00 ($15.48) target price on shares of SGL Carbon and gave the stock a “neutral” rating in a research report on Monday, September 11th. Kepler Capital Markets set a €7.00 ($8.33) target price on shares of SGL Carbon and gave the stock a “sell” rating in a research report on Friday, November 3rd. S&P Global set a €13.00 ($15.48) target price on shares of SGL Carbon and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Societe Generale set a €15.00 ($17.86) target price on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of €12.50 ($14.88).
Shares of SGL Carbon (SGL) traded down €0.12 ($0.14) on Wednesday, hitting €10.98 ($13.07). 243,301 shares of the stock were exchanged, compared to its average volume of 386,725. SGL Carbon has a twelve month low of €7.78 ($9.26) and a twelve month high of €14.68 ($17.48).
About SGL Carbon
SGL Carbon SE, together with its subsidiaries, manufactures and sells carbon and graphite products in Germany, the Asia Pacific/Middle East, rest of Europe, and North America. The company operates through two segments, Composites-Fibers & Materials; and Graphite Materials & Systems. It provides process solutions for the chemical and related industries; and equipment solutions, such as graphite and silicon carbide heat exchangers, special heat exchangers, quenchers, pumps, rupture disks, piping products, expansion joints/bellows, dip and intel pipes, liners and lining services, and supplementary components, as well as columns, reactors, and vessels.
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