BNP PARIBAS Has Just Issued an Upgrade of Aurubis (ETR:NDA) with a EUR 70.00 TP

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Aurubis (ETR:NDA) Stock Upgrade

BNP PARIBAS lifted shares of Aurubis (ETR:NDA) to a Outperform rating in a recent report issued to investors and clients on Friday, 4 December. The brokerage after the upgrade has a EUR 70.00 Estimated Target Price on shares.

From a total of 11 analysts covering Aurubis (ETR:NDA) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is €80 while the lowest target price is €54. The mean of all analyst targets is €65.80 with a 11.85% above today’s (€58.83) stock price. Aurubis was the topic of 17 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe maintained shares on November 25 with “Hold” rating. Kepler Cheuvreux upgraded shares to “Buy” rating and €55 target share price in a report from an October 6. Hauck & Aufhäuser Privatbankiers KGaA upgraded NDA stock in a recent report from October 28 to “Buy” rating. BNP Paribas upgraded the rating on October 6. BNP Paribas has a “Outperform” rating and a €70 price target on shares. Finally, HSBC maintained the stock with “Hold” rating in a report issued on an October 7.

The stock decreased 1.69% or EUR 1.01 on December 3, striking EUR 58.83. Approximately 198,124 shares of stock traded hands or 32.99% up from the average. Aurubis AG (ETR:NDA) has risen 26.87% since May 7, 2015 and is uptrending. It has outperformed by 27.16% the S&P500.

 BNP PARIBAS Has Just Issued an Upgrade of Aurubis (ETR:NDA) with a EUR 70.00 TP

Aurubis AG is a Germany-based company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products. The company has a market cap of 2.64 billion EUR. It operates through three business divisions: Primary Copper that unifies activities related to the production of marketable copper cathodes from the primary raw material, copper concentrates, as well as the production and marketing of sulfuric acid; Recycling/Precious Metals, engaged in the production of copper cathodes from a variety of recycled raw materials and such by-metals and co-products as gold, silver, platinum and tin, among others, and Copper Products that includes the provision of such copper products as cast wire rod from cathodes, strips, shaped wires and others. It has 12.62 P/E ratio.

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