Baader Bank set a €3.00 ($3.49) target price on SGL Carbon (ETR:SGL) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other brokerages also recently issued reports on SGL. Berenberg Bank set a €3.50 ($4.07) price objective on shares of SGL Carbon and gave the company a neutral rating in a research report on Friday, August 16th. Deutsche Bank set a €5.30 ($6.16) price objective on shares of SGL Carbon and gave the company a neutral rating in a research report on Thursday, August 15th. Finally, HSBC set a €4.00 ($4.65) price objective on shares of SGL Carbon and gave the company a neutral rating in a research report on Friday, September 6th. Three equities research analysts have 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 presently has an average rating of Hold and a consensus price target of €7.03 ($8.18).
SGL traded up €0.21 ($0.24) on Thursday, reaching €5.08 ($5.90). 521,023 shares of the company’s stock were exchanged, compared to its average volume of 248,478. The company’s 50 day moving average is €5.20 and its 200-day moving average is €6.78. The company has a market cap of $620.53 million and a price-to-earnings ratio of 181.25. SGL Carbon has a twelve month low of €3.57 ($4.15) and a twelve month high of €10.58 ($12.30). The company has a debt-to-equity ratio of 109.59, a quick ratio of 1.69 and a current ratio of 2.99.
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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