The Baader analysts see clear growth prospects at Aurubis. These are driven, among other things, by merging with Metallo. In addition, the profit prospects seem to be better than expected. There can be new records here. The strong balance sheet and free cash flow are highlighted.
The analysts are therefore upgrading the Aurubis paper. So far the rating was “add”, the target price was 60.00 euros. In the new study, there is a purchase recommendation for papers from Aurubis. The price target rises to EUR 80.00.
For the 2019/2020 financial year, the experts are expecting adjusted earnings per share of EUR 3.63 (previously: EUR 3.62). The forecast for 2020/2021 drops from 4.99 euros to 4.66 euros. In the following year, the plus per paper should be 5.58 euros.
Aurubis shares gained 6.4 percent at noon to EUR 67.96.
Security data: Aurubis
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Ticker symbol: NDA
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