Berenberg Bank Reiterates €7.50 Price Target for SGL Carbon (ETR:SGL)

Berenberg Bank set a €7.50 ($8.72) target price on SGL Carbon (ETR:SGL) in a report issued on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on SGL. Deutsche Bank set a €7.50 ($8.72) price target on shares of SGL Carbon and gave the company a neutral rating in a research report on Wednesday, August 7th. HSBC set a €7.00 ($8.14) price target on shares of SGL Carbon and gave the company a neutral rating in a research report on Thursday, August 8th. Baader Bank set a €9.00 ($10.47) price target on shares of SGL Carbon and gave the company a buy rating in a research report on Tuesday, August 6th. Finally, Kepler Capital Markets set a €6.50 ($7.56) price target on shares of SGL Carbon and gave the company a neutral rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of €8.72 ($10.14).

Shares of SGL opened at €5.51 ($6.41) on Friday. SGL Carbon has a 1-year low of €5.45 ($6.33) and a 1-year high of €12.00 ($13.95). The stock has a market capitalization of $673.71 million and a PE ratio of 196.79. The company has a current ratio of 2.99, a quick ratio of 1.69 and a debt-to-equity ratio of 109.59. The company has a fifty day moving average of €6.35.

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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Analyst Recommendations for SGL Carbon (ETR:SGL)

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