Suedzucker (ETR:SZU) has been assigned a €10.50 ($12.21) price objective by equities researchers at Warburg Research in a note issued to investors on Thursday, March 28th, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Warburg Research’s target price indicates a potential downside of 10.49% from the company’s previous close.
A number of other research analysts have also weighed in on SZU. Goldman Sachs Group set a €11.00 ($12.79) price objective on shares of Suedzucker and gave the company a “neutral” rating in a research note on Thursday, March 28th. Kepler Capital Markets set a €10.75 ($12.50) price target on shares of Suedzucker and gave the company a “sell” rating in a research report on Wednesday, January 9th. Berenberg Bank set a €13.00 ($15.12) price target on shares of Suedzucker and gave the company a “neutral” rating in a research report on Thursday, January 17th. Commerzbank set a €22.00 ($25.58) price target on shares of Suedzucker and gave the company a “buy” rating in a research report on Thursday, January 10th. Finally, equinet set a €12.50 ($14.53) price target on shares of Suedzucker and gave the company a “neutral” rating in a research report on Friday, November 30th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €14.08 ($16.38).
Shares of SZU traded down €0.13 ($0.15) during trading hours on Thursday, hitting €11.73 ($13.64). 176,038 shares of the stock were exchanged, compared to its average volume of 410,903. Suedzucker has a fifty-two week low of €10.85 ($12.62) and a fifty-two week high of €15.85 ($18.42). The company has a quick ratio of 0.86, a current ratio of 2.15 and a debt-to-equity ratio of 28.35. The stock has a market cap of $2.40 billion and a PE ratio of 58.36.
Südzucker AG supplies sugar products in Europe and internationally. It operates through four segments: Sugar, Special Products, CropEnergies, and Fruit. The Sugar segment produces and sells sugar, sugary specialty products, animal feed and, fertilizers to food industry, retailers, and agriculture market.
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