Aurubis (ETR:NDA) Falls into Favor With Independent Research GmbH As They Decide to Upgrade Shares

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Aurubis (ETR:NDA) Stock Upgrade

Independent Research GmbH upgraded shares of Aurubis (ETR:NDA) to a solid “Buy” rating in analysts note disseminated on Tuesday morning. Analysts currently have a EUR 58.00 target PPS set on the stock. This target PPS gives a possible upside of 21.93% from the stock price of the stock.

From a total of 11 analysts covering Aurubis (ETR:NDA) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% 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 €63.30 with a 32.54% above today’s (€47.76) stock price. Aurubis was the topic of 20 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. Baader Wertpapierhandelsbank maintained shares on December 12 with “Hold” rating. HSBC maintained shares with “Hold” rating and €58 target share price in a report from an October 7. BNP Paribas upgraded NDA stock in a recent report from December 4 to “Outperform” rating. Kepler Cheuvreux upgraded the rating on October 6. Kepler Cheuvreux has a “Buy” rating and a €55 price target on shares. Finally, DZ-Bank AG upgraded the stock to “Buy” rating in a report issued on a November 11.

The stock increased 2.08% or EUR 0.97 on December 14, striking EUR 47.76. Approximately 759,799 shares of stock traded hands or 211.54% up from the average. Aurubis AG (ETR:NDA) has risen 6.27% since May 18, 2015 and is uptrending. It has outperformed by 10.69% the S&P500.

 Aurubis (ETR:NDA) Falls into Favor With Independent Research GmbH As They Decide to Upgrade Shares

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 2.15 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 10.24 P/E ratio.

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