Aurubis (ETR:NDA) Rating Reaffirmed
The financial firm has just set a target of EUR 54.00 on Aurubis (ETR:NDA) shares. This is 15.41% from the previous close. In an interesting research report finalized on Saturday, 12 December, Baader Wertpapierhandelsbank has restated their Hold rating on shares of NDA.
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 40.63% above today’s (€46.79) stock price. Aurubis was the topic of 18 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. BNP Paribas upgraded shares on December 4 to “Outperform” rating. HSBC maintained shares with “Hold” rating and €58 target share price in a report from an October 7. DZ-Bank AG upgraded NDA stock in a recent report from November 11 to “Buy” rating. Kepler Cheuvreux upgraded the rating on October 6. Kepler Cheuvreux has a “Buy” rating and a €55 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on an October 22.
The stock decreased 19.16% or EUR 11.09 on December 11, striking EUR 46.79. Approximately 2.32M shares of stock traded hands or 1357.98% up from the average. Aurubis AG (ETR:NDA) has risen 6.27% since May 14, 2015 and is uptrending. It has outperformed by 9.29% the S&P500.
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 2.14 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 10.04 P/E ratio.