Suedzucker (ETR:SZU) has been assigned a €24.00 ($27.91) price objective by investment analysts at Nord/LB in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Nord/LB’s price target would suggest a potential upside of 76.47% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. DZ Bank reaffirmed a “neutral” rating on shares of Suedzucker in a research note on Monday, May 28th. Berenberg Bank set a €13.50 ($15.70) price target on Suedzucker and gave the stock a “neutral” rating in a report on Monday, March 19th. Goldman Sachs Group set a €11.00 ($12.79) price target on Suedzucker and gave the stock a “sell” rating in a report on Monday. Warburg Research set a €16.00 ($18.60) target price on Suedzucker and gave the company a “neutral” rating in a research report on Thursday, May 24th. Finally, Kepler Capital Markets set a €11.75 ($13.66) target price on Suedzucker and gave the company a “sell” rating in a research report on Friday, June 22nd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €15.53 ($18.05).
Shares of Suedzucker traded down €0.36 ($0.42), hitting €13.60 ($15.81), during midday trading on Thursday, Marketbeat reports. 428,808 shares of the stock were exchanged, compared to its average volume of 410,903. Suedzucker has a twelve month low of €14.59 ($16.97) and a twelve month high of €23.97 ($27.87).
Südzucker AG supplies sugar products in Europe and internationally. It operates through four segments: Sugar, Special Products, CropEnergies, and Fruit. The Sugar segment produces and sells sugar, sugary specialty products, animal feed and, fertilizers to food industry, retailers, and agriculture market.
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