Norddeutsche Landesbank Gives Aurubis (ETR:NDA) a Higher Rating. Will Other Analysts Follow Suit?


Aurubis (ETR:NDA) Stock Upgrade

Aurubis (ETR:NDA) shares were upgraded by investment analysts at Norddeutsche Landesbank to a solid “Buy” rating in recent note revealed to investors today. Analysts after the upgrade have a EUR 58.00 PT on the shares. Norddeutsche Landesbank’s PT suggests a possible upside of 21.80%.

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 €50. The mean of all analyst targets is €59.89 with a 25.77% above today’s (€47.62) stock price. Aurubis was the topic of 25 analyst reports since June 30, 2015 according to the firm StockzIntelligence Inc. DZ-Bank AG upgraded shares on December 16 to “Buy” rating. Baader Wertpapierhandelsbank maintained shares with “Hold” rating and €54 target share price in a report from a December 12. Independent Research upgraded NDA stock in a recent report from December 15 to “Buy” rating. Hauck & Aufhäuser Privatbankiers KGaA maintained the rating on December 12. Hauck & Aufhäuser Privatbankiers KGaA has a “Hold” rating and a €55 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on a December 15.

The stock decreased 1.18% or EUR 0.57 on December 16, striking EUR 47.62. Approximately 398,440 shares of stock traded hands or 49.84% up from the average. Aurubis AG (ETR:NDA) has risen 6.27% since May 20, 2015 and is uptrending. It has outperformed by 8.90% the S&P500.

 Norddeutsche Landesbank Gives Aurubis (ETR:NDA) a Higher Rating. Will Other Analysts Follow Suit?

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 2.12 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 10.21 P/E ratio.