SGL Carbon (ETR:SGL) PT Set at €8.50 by Berenberg Bank

SGL Carbon (ETR:SGLGet Rating) has been given a €8.50 ($8.67) price target by investment analysts at Berenberg Bank in a note issued to investors on Thursday, Borsen Zeitung reports. Berenberg Bank’s price objective would indicate a potential upside of 32.09% from the stock’s previous close.

SGL has been the topic of several other research reports. Stifel Nicolaus set a €11.00 ($11.22) price target on SGL Carbon in a research note on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft set a €8.40 ($8.57) price target on SGL Carbon in a research note on Thursday, September 8th. Finally, Baader Bank set a €6.60 ($6.73) price target on SGL Carbon in a research note on Wednesday, September 7th.

SGL Carbon Stock Performance

Shares of SGL Carbon stock opened at €6.44 ($6.57) on Thursday. The company has a market capitalization of $786.81 million and a PE ratio of 7.56. SGL Carbon has a 12 month low of €4.65 ($4.74) and a 12 month high of €10.06 ($10.27). The company has a current ratio of 2.53, a quick ratio of 1.34 and a debt-to-equity ratio of 83.12. The stock’s fifty day simple moving average is €7.03 and its 200 day simple moving average is €6.18.

About SGL Carbon

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SGL Carbon SE, together with its subsidiaries, engages in the manufacture and sale of carbon fiber and specialty graphite products in Germany, rest of Europe, the United States, China, Asia, Latin America, Africa, and Australia. The company operates in Graphite Solutions; Process Technology; Caron Fibers; and Composite Solutions segment.

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