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Aurubis AG reported a 19% increase in pre-tax earnings to €413 million for the past financial year, driven by higher smelting charges and lower energy costs. The company plans to raise its dividend to €1.50 per share, exceeding analyst expectations. However, UBS analyst Daniel Major cautions that the recent share price rally may not be sustainable, citing potential declines in pre-tax profit and challenging market conditions ahead.
Auto1 Group has seen a significant surge, rising 60% in just ten days, driven by analyst upgrades and its recent inclusion in the MDAX. UBS has raised its target price for Auto1 to €20.50, maintaining a 'Buy' rating, reflecting strong investor confidence in the company's prospects.
UBS has maintained a "Neutral" rating for Aurubis, setting a target price of 65 euros. Analyst Daniel Major noted that the company's results and outlook met expectations, with moderate cost reductions being a positive sign. However, he highlighted that the recent stock rally was primarily due to short sale cover, as the copper group continues to face significant challenges.
AURUBIS AG, based in Germany, specializes in the production of primary copper and precious metals, alongside recycling secondary raw materials. Its diverse product range includes wire rod, special wires, rolled industrial products, and various precious metals, as well as sulfuric acid and recycled non-ferrous metals. The company also operates copper slitting service centers.
UBS has maintained a 'Neutral' rating for Aurubis, setting a target price of 65 euros. Analyst Daniel Major noted that the company's results and outlook met expectations, with moderate cost reductions being a positive sign. However, he indicated that recent price increases were primarily due to short covering, as the copper group continues to face significant challenges.
UBS has maintained a "Neutral" rating for Aurubis, setting a target price of 65 euros. Analyst Daniel Major noted that the company's results and outlook met expectations, with moderate cost reductions being a positive sign. However, he highlighted that the recent stock rally was primarily due to short sale cover, as the copper group continues to face significant challenges.
UBS has rated Aurubis as 'Neutral' with a target price of 65 euros. The stock closed at 84.35 euros, reflecting a significant increase of 10.99% on December 5. The trading activity varied across different exchanges, with prices ranging from 83.80 euros to 86.40 euros.
A former Deutsche Boerse AG employee, identified as G. P., confessed to insider trading during his trial in Germany, admitting to trading on non-public information for three and a half years. He is charged with 14 counts of insider trading from January 2018 to July 2021, using information received 30 minutes before public filings. His trades involved stocks from companies such as Deutsche Bank AG and Aurubis AG.
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