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Aurubis consolidates its position

Baader’s analysts are raising the price target for Aurubis shares. So far this was at 47.50 euros. In the new study by the experts, the target price for the papers of the North Germans rose to 60.00 euros. As before, the rating for Aurubis shares is “add”.

With the acquisition of Metallo, Aurubis is consolidating its position in the area of ​​metal recycling. The new acquisition should contribute around 1 billion euros to sales, and the contribution to EBIT is probably around 25 million euros. Synergy effects of EUR 10 million to EUR 15 million are actually expected. From the analysts’ point of view, however, this is a rather conservative assumption. However, combining recycling capabilities is more important than synergies. This creates further growth opportunities.

The analysts expect earnings per share of € 2.92 for the current financial year, and the increase in the coming financial year should be € 4.94. A year later, it should be 5.27 euros.

Aurubis shares today gained 1.9 percent to € 54.54.

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