Aurubis AG Unveils New Strategy, Faces Analyst Skepticism on Valuation
Aurubis AG, Europe's top copper recycler, has unveiled a new strategy and financial goals at a recent Capital Market Day in London. The company's stock price has been rising, currently at €116.20, but analysts have set an average price target of €79.40, indicating a potential 33% decrease from the current level.
Aurubis AG, benefiting from increasing copper prices, aims to solidify its position as the leading multi-metal producer by 2030. Despite the company's bullish stock market today, analysts aren't convinced about its valuation. The forward P/E (2026) stands at 19, which isn't considered a bargain. However, Aurubis AG's revised corporate strategy suggests a focus on growth and strengthening its market position.
As of December 21, 2022, there's no public information indicating significant changes in institutional holdings of Aurubis AG's mstr stock.
Aurubis AG, with a current stock price of €116.20, faces a 33% potential decrease according to analysts' average price target. The company's new strategy and financial goals, presented at a Capital Market Day, suggest a focus on growth and market leadership by 2030. Despite a bullish stock market today, analysts' views on Aurubis AG's valuation remain mixed.
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