SGL Carbon (ETR:SGL) Receives a Downgrade
Bankhaus Lampe KG has downgraded shares of SGL Carbon (ETR:SGL) to a Sell rating in analysts report sent to clients and investors on Thursday, 10 December. The firm now has a EUR 9.00 target price per share on shares. Bankhaus Lampe KG’s target price per share may mean a possibly downside of -34.26% from the closing share price of the stock.
From a total of 8 analysts covering SGL Carbon (ETR:SGL) stock, 1 rate it a ”Buy”, 3 a “Sell”, and 4 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is €19.50 while the lowest target price is €11. The mean of all analyst targets is €15.05 with a 10.50% above today’s (€13.62) stock price. SGL Carbon was the topic of 15 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. JP Morgan downgraded shares on December 5 to “Underweight” rating. Warburg Research maintained shares with “Hold” rating and €14.30 target share price in a report from an October 30. DZ-Bank AG downgraded SGL stock in a recent report from November 6 to “Sell” rating. Landesbank maintained the rating on August 26. Landesbank has a “Hold” rating and a €15 price target on shares. Finally, Baader Wertpapierhandelsbank upgraded the stock to “Buy” rating in a report issued on a November 5.
The stock decreased 1.45% or EUR 0.2 on December 9, striking EUR 13.62. Approximately 161,637 shares of stock traded hands. SGL Carbon SE (ETR:SGL) has risen 1.38% since May 7, 2015 and is uptrending. It has outperformed by 2.18% the S&P500.
The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.08, from 1 in 2015Q2. The ratio fall, as 5 institutions have sold all the shares of SGL Carbon SE that they owned while 7 funds have taken shares off the table. 3 funds have purchased shares for the first time while 8 added to their positions. These institutions now hold 5.40 million shares or 0.20% more than the 5.39 million shares they owned in 2015Q2.
The Fund Financial & Investment Management Group Ltd currently is holding shares equating to 1.67% of its total portfolio in SGL Carbon SE representing a total of 754,301 shares. Another fund,Diversified Investment Strategies Llc, is holding a total of 96,175 shares equating to 0.91% of their holdings. Additionally, Meridian Investment Counsel Inc. has a 75,142 share stake in SGL Carbon SE which represents 0.49% of their total portfolio. The Fund, Rivernorth Capital Management Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.26% of their total portfolio. Finally Round Table Services Llc, a fund which is based in the state of New Jersey reported a total holdings of 41,000 shares.
SGL Carbon SE, together with its subsidiaries, is a maker of carbon and graphite products. The company has a market cap of 1.28 billion EUR. The Firm supplies a spectrum of industries ranging from traditional industrial sectors to new future high-growth areas. It currently has negative earnings. The Firm operates in four divisions: Performance Products , which makes graphite electrodes for the production of steel in electric arc furnaces and carbon electrodes; Graphite Specialties (GS), which makes specialty graphites and a well-known provider for equipment and systems for the process technology; Carbon Fibers & Materials (CFM), which encompasses products based on carbon, glass and aramid fibers, and Corporate & Others (C&O), which includes manufacturing of equipment for chemical process (process technology).