Aurubis (ETR:NDA) Upgrade of Rating
Aurubis (ETR:NDA)’s stock was upped to Buy by expert analysts at Norddeutsche Landesbank, who have a target price per share of EUR 46.00 on NDA. Norddeutsche Landesbank’s target is 20.39 % from NDA’s last price.
The company’s rating upgrade is well-received by equity traders, as ETR:NDA is now trading 1.88% higher at EUR 38.81 as of 15:52 Frankfurt time. Aurubis’s stock is down -35.38% over the last 200 days. It has underperformed the S&P 500 Index, which has decreased -12.19% over the same time.
ETR:NDA Price Chart & Trend
The stock price of Aurubis has dived 35.38% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Aurubis is down 38.59% and down 33.66%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Aurubis (ETR:NDA) Profile
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. It operates through three business segments: 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. The Company operates also through subsidiaries located in Germany, Sweden, the United States, Hong Kong, Russia and Bulgaria, among others.
Aurubis (ETR:NDA) traded up 1.88% on 10 February, hitting EUR 38.81. A total of 321,730 shares of the company’s stock traded hands. This is down from average of 346,332 shares. Aurubis has a 52 week low of EUR 36.72 and a 52 week high of EUR 62.23. The company has a market cap of 1.74 billion EUR and a P/E ratio of 13.17.
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The post Norddeutsche Landesbank Upgrades Aurubis (ETR:NDA) Rating to Buy and kept EUR 46.00 Target Price per Share appeared first on Octafinance.