Aurubis (ETR:NDA) Given a €50.00 Price Target by Independent Research Analysts

Aurubis (ETR:NDA) has been assigned a €50.00 ($58.14) target price by equities researchers at Independent Research in a report released on Thursday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential downside of 9.32% from the stock’s previous close.

NDA has been the topic of a number of other research reports. Morgan Stanley set a €45.00 ($52.33) price objective on shares of Aurubis and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Deutsche Bank set a €51.00 ($59.30) price objective on shares of Aurubis and gave the company a “neutral” rating in a research note on Thursday. Kepler Capital Markets set a €36.00 ($41.86) price objective on shares of Aurubis and gave the company a “sell” rating in a research note on Monday, November 25th. Nord/LB set a €40.00 ($46.51) price objective on shares of Aurubis and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Baader Bank set a €41.00 ($47.67) price objective on shares of Aurubis and gave the company a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €45.81 ($53.27).

ETR NDA opened at €55.14 ($64.12) on Thursday. Aurubis has a 12 month low of €34.97 ($40.66) and a 12 month high of €51.14 ($59.47). The company has a debt-to-equity ratio of 14.02, a current ratio of 2.25 and a quick ratio of 0.30. The firm has a market capitalization of $2.48 billion and a PE ratio of 18.17. The company’s 50 day simple moving average is €45.80 and its 200 day simple moving average is €41.72.

Aurubis Company Profile

Aurubis AG provides non-ferrous metals worldwide. It processes complex metal concentrates, scrap metals, and metal-bearing recycling materials to produce metals. The company produces continuous cast, directly cast, and oxygen-free copper rods, as well as various drawn products; a range of materials in round and square cross-sections, and various dimensions under the AURUBIS SHAPES brand; and copper-based architectural products and services for the building and construction industry, such as flat copper sheets, as well as prefabricated systems for facades, roofs, and rainwater systems.

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Analyst Recommendations for Aurubis (ETR:NDA)

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