SGL Carbon (ETR:SGL) has been given a €13.50 ($16.07) price objective by equities researchers at Berenberg Bank in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 24.20% from the stock’s previous close.
SGL has been the subject of a number of other reports. Commerzbank set a €9.00 ($10.71) price target on SGL Carbon and gave the company a “sell” rating in a report on Thursday, March 15th. Cfra set a €14.00 ($16.67) price target on SGL Carbon and gave the company a “neutral” rating in a report on Friday, March 16th. Kepler Capital Markets set a €8.00 ($9.52) price target on SGL Carbon and gave the company a “sell” rating in a report on Wednesday, April 25th. Societe Generale set a €15.00 ($17.86) price target on SGL Carbon and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Baader Bank set a €14.00 ($16.67) price target on SGL Carbon and gave the company a “neutral” rating in a report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. SGL Carbon has a consensus rating of “Hold” and an average price target of €12.16 ($14.48).
SGL Carbon stock opened at €10.87 ($12.94) on Thursday. SGL Carbon has a 12-month low of €8.09 ($9.63) and a 12-month high of €14.70 ($17.50).
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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