Berenberg Bank Reiterates €15.00 Price Target for Suedzucker (SZU)

Suedzucker (ETR:SZU) has been assigned a €15.00 ($17.44) price objective by stock analysts at Berenberg Bank in a report issued on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price points to a potential upside of 6.16% from the stock’s current price.

Several other brokerages have also issued reports on SZU. Warburg Research set a €16.10 ($18.72) price target on shares of Suedzucker and gave the company a “buy” rating in a report on Friday, April 26th. Goldman Sachs Group set a €11.00 ($12.79) price target on shares of Suedzucker and gave the company a “neutral” rating in a report on Wednesday, April 10th. Kepler Capital Markets set a €14.00 ($16.28) price target on shares of Suedzucker and gave the company a “buy” rating in a report on Thursday, April 25th. Independent Research set a €9.50 ($11.05) price target on shares of Suedzucker and gave the company a “sell” rating in a report on Monday, April 1st. Finally, Deutsche Bank set a €13.50 ($15.70) price target on shares of Suedzucker and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €15.52 ($18.05).

Shares of SZU stock opened at €14.13 ($16.43) on Tuesday. Suedzucker has a 12-month low of €10.85 ($12.62) and a 12-month high of €15.85 ($18.42). The firm has a market capitalization of $2.89 billion and a PE ratio of 70.30. The company has a debt-to-equity ratio of 28.35, a current ratio of 2.15 and a quick ratio of 0.86.

Suedzucker Company Profile

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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