Suedzucker (ETR:SZU) has been given a €10.00 ($11.63) target price by equities researchers at Berenberg Bank in a research report issued to clients and investors on Friday. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 21.10% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Nord/LB set a €24.00 ($27.91) price target on Suedzucker and gave the company a “buy” rating in a report on Thursday, June 28th. Commerzbank set a €22.00 ($25.58) price target on Suedzucker and gave the company a “buy” rating in a report on Thursday, July 12th. Independent Research set a €15.50 ($18.02) price target on Suedzucker and gave the company a “neutral” rating in a report on Thursday, May 17th. Goldman Sachs Group set a €13.20 ($15.35) price target on Suedzucker and gave the company a “neutral” rating in a report on Thursday, May 17th. Finally, DZ Bank restated a “neutral” rating on shares of Suedzucker in a report on Monday, May 28th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of €14.77 ($17.18).
Shares of ETR:SZU opened at €12.68 ($14.74) on Friday. Suedzucker has a 1 year low of €14.59 ($16.97) and a 1 year 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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