Bank of America Reiterates €9.00 Price Target for SGL Carbon (SGL)
SGL Carbon (ETR:SGL) has been assigned a €9.00 ($10.71) price target by equities researchers at Bank of America in a report released on Tuesday. The firm currently has a “sell” rating on the stock. Bank of America’s price target points to a potential downside of 27.65% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Baader Bank set a €12.00 ($14.29) price objective on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Thursday, September 21st. Warburg Research set a €13.00 ($15.48) price objective on shares of SGL Carbon and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Kepler Capital Markets set a €7.00 ($8.33) price objective on shares of SGL Carbon and gave the stock a “sell” rating in a research report on Thursday, November 9th. Societe Generale set a €15.00 ($17.86) price objective on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, JPMorgan Chase & Co. set a €13.50 ($16.07) price objective on shares of SGL Carbon and gave the stock a “buy” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €11.89 ($14.15).
Shares of SGL Carbon (SGL) opened at €12.44 ($14.81) on Tuesday. SGL Carbon has a 1 year low of €7.83 ($9.32) and a 1 year high of €14.70 ($17.50). The company has a market cap of $1,550.00 and a PE ratio of -47.85.
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SGL Carbon Company Profile
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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