Aurubis (ETR:NDA) received a €50.00 ($58.14) price target from Nord/LB in a research note issued on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s target price indicates a potential downside of 5.77% from the company’s previous close.
NDA has been the subject of several other research reports. Warburg Research set a €51.30 ($59.65) price objective on Aurubis and gave the stock a “buy” rating in a report on Wednesday. Goldman Sachs Group set a €37.00 ($43.02) target price on Aurubis and gave the stock a “sell” rating in a research report on Wednesday. Morgan Stanley set a €45.00 ($52.33) target price on Aurubis and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Independent Research set a €50.00 ($58.14) target price on shares of Aurubis and gave the company a “neutral” rating in a report on Thursday. Finally, Deutsche Bank set a €51.00 ($59.30) target price on shares of Aurubis and gave the company a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of €45.81 ($53.27).
Shares of NDA traded up €3.80 ($4.42) during trading hours on Thursday, reaching €53.06 ($61.70). 687,499 shares of the company’s stock traded hands, compared to its average volume of 324,299. Aurubis has a 12 month low of €34.97 ($40.66) and a 12 month high of €51.14 ($59.47). The company has a current ratio of 2.25, a quick ratio of 0.30 and a debt-to-equity ratio of 14.02. The stock has a market cap of $2.39 billion and a PE ratio of 17.48. The firm’s 50 day simple moving average is €45.41 and its 200-day simple moving average is €41.59.
Aurubis AG provides non-ferrous metals worldwide. It processes complex metal concentrates, scrap metals, and metal-bearing recycling materials to produce metals. The company produces continuous cast, directly cast, and oxygen-free copper rods, as well as various drawn products; a range of materials in round and square cross-sections, and various dimensions under the AURUBIS SHAPES brand; and copper-based architectural products and services for the building and construction industry, such as flat copper sheets, as well as prefabricated systems for facades, roofs, and rainwater systems.
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