Aurubis (ETR:NDA) Stock May Be About to Breakout After DZ-Bank AG Upgrades Shares

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Aurubis (ETR:NDA) Stock Upgrade

In a recent research report issued to investors and clients on 16 December, DZ-Bank AG has increased shares of Aurubis (ETR:NDA) stock to a “Buy” rating.

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 €60.99 with a 26.56% above today’s (€48.19) stock price. Aurubis was the topic of 23 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. Independent Research upgraded shares on December 15 to “Buy” rating. BNP Paribas upgraded shares to “Outperform” rating and €70 target share price in a report from a December 4. Kepler Cheuvreux upgraded NDA stock in a recent report from December 15 to “Buy” rating. Bankhaus Lampe maintained the rating on November 25. Bankhaus Lampe has a “Hold” rating and a €61 price target on shares. Finally, Hauck & Aufhäuser Privatbankiers KGaA maintained the stock with “Hold” rating in a report issued on a December 12.

The stock increased 0.89% or EUR 0.42 on December 15, striking EUR 48.19. Approximately 467,585 shares of stock traded hands or 91.73% up from the average. Aurubis AG (ETR:NDA) has risen 6.27% since May 19, 2015 and is uptrending. It has outperformed by 9.95% the S&P500.

 Aurubis (ETR:NDA) Stock May Be About to Breakout After DZ-Bank AG Upgrades 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 2.17 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 10.34 P/E ratio.

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