Ratings Change: What To Expect After SGL Carbon (ETR:SGL)’s Downgrade Rating From Warburg Research? The TP Given is EUR 9.00

November 24, 2016 - By olga

Ratings Change:  What To Expect After SGL Carbon (ETR:SGL)'s Downgrade Rating From Warburg Research? The TP Given is EUR 9.00

SGL Carbon (ETR:SGL) Downgrade

Warburg Research downgraded shares of SGL Carbon (ETR:SGL) to a Sell rating in a analysts note revealed to clients on 24 November. The firm currently has a EUR 9.00 target price per share on the stock. Warburg Research’s target price per share suggests a potential downside of -12.96% from the stock’s stock close price.

SGL Carbon SE (ETR:SGL) Ratings Coverage

Out of 11 analysts covering SGL Carbon (ETR:SGL), 2 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 18% are positive. €19.50 is the highest target while €6.80 is the lowest. The €10.89 average target is 3.91% above today’s (€10.48) stock price. SGL Carbon has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, December 10 by Bankhaus Lampe. The rating was upgraded by Baader Wertpapierhandelsbank on Thursday, October 15 to “Buy”. The company was upgraded on Tuesday, November 15 by Baader Bank. The firm earned “Hold” rating on Friday, November 11 by Bankhaus Lampe. Bankhaus Lampe downgraded the shares of SGL in a report on Wednesday, April 6 to “Sell” rating. Commerzbank maintained it with “Hold” rating and €14.50 target price in Thursday, August 6 report. The stock has “Hold” rating given by Deutsche Bank on Thursday, July 23. As per Friday, October 30, the company rating was maintained by Warburg Research. The stock of SGL Carbon SE (ETR:SGL) earned “Hold” rating by Landesbank on Wednesday, August 26. Warburg Research downgraded the shares of SGL in a report on Saturday, March 19 to “Sell” rating.

About 32,600 shares traded hands. SGL Carbon SE (ETR:SGL) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

SGL Carbon SE, together with its subsidiaries, is a maker of carbon and graphite products. The company has a market cap of 968.20 million EUR. The Firm operates in four divisions: Performance Products , Graphite Materials & Systems (GMS), Carbon Fibers & Materials (CFM), and T&I and Corporate. It currently has negative earnings. The Firm serves industries, including steel, aluminum, chemical, solar, lithium ion battery and light emitting diode.

More news for SGL Carbon SE (ETR:SGL) were recently published by: Business.Financialpost.com, which released: “SGL Carbon SE shares rise thanks to Tesla Motors Inc’s push into batteries” on May 04, 2015. Wsj.com‘s article titled: “SGL Carbon Shares Lifted by Reported ChemChina Interest” and published on May 27, 2016 is yet another important article.

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