Aurubis (ETR:NDA) has been assigned a €57.00 ($70.37) price target by investment analysts at Goldman Sachs Group in a report released on Thursday. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective indicates a potential downside of 27.04% from the stock’s current price.
Several other analysts also recently issued reports on NDA. Berenberg Bank set a €73.50 ($90.74) price target on shares of Aurubis and gave the company a “neutral” rating in a report on Friday, October 20th. Hauck & Aufhaeuser set a €83.00 ($102.47) price target on shares of Aurubis and gave the company a “buy” rating in a report on Tuesday, October 24th. Morgan Stanley set a €59.00 ($72.84) price target on shares of Aurubis and gave the company a “sell” rating in a report on Wednesday, October 25th. DZ Bank reaffirmed a “neutral” rating on shares of Aurubis in a report on Wednesday, November 8th. Finally, Commerzbank set a €65.00 ($80.25) price target on shares of Aurubis and gave the company a “sell” rating in a report on Wednesday, November 15th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of €73.48 ($90.71).
Shares of Aurubis (ETR NDA) traded up €0.80 ($0.99) during midday trading on Thursday, hitting €78.12 ($96.44). 348,140 shares of the company’s stock traded hands, compared to its average volume of 205,178. Aurubis has a 12 month low of €51.54 ($63.63) and a 12 month high of €86.80 ($107.16). The stock has a market capitalization of $3,540.00 and a P/E ratio of 10.00.
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Aurubis AG engages in the copper concentrate processing, metal recycling, and copper product fabrication activities in Europe, Asia, the United States, and internationally. It operates in two segments, Primary Copper and Copper Products. The company procures and processes copper concentrates; produces and markets exchange-traded copper cathodes; and produces and markets sulfuric acid, iron silicate, precious metals, and specialty products.
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