Will Today’s JP Morgan Chase & Co. Downgrade Harm SGL Carbon (ETR:SGL) Stock?


SGL Carbon (ETR:SGL) Receives a Downgrade

The rating of SGL Carbon (ETR:SGL) was downgraded today by stock analysts at JP Morgan Chase & Co. to a Underweight rating in an interesting research report.

From a total of 7 analysts covering SGL Carbon (ETR:SGL) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 14% 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 7.73% above today’s (€13.97) stock price. SGL Carbon was the topic of 14 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on December 3 with “Hold” rating. Landesbank maintained shares with “Hold” rating and €15 target share price in a report from an August 26. Bankhaus Lampe downgraded SGL stock in a recent report from November 5 to “Sell” rating. Commerzbank maintained the rating on August 6. Commerzbank has a “Hold” rating and a €14.50 price target on shares. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on an October 30.

The stock decreased 0.75% or EUR 0.1 on December 4, striking EUR 13.97. Approximately 161,877 shares of stock traded hands. SGL Carbon SE (ETR:SGL) has risen 1.15% since May 4, 2015 and is uptrending. It has outperformed by 3.93% the S&P500.

Will Today’s JP Morgan Chase & Co. Downgrade Harm SGL Carbon (ETR:SGL) Stock?

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).