UBS Group Cuts Siltronic (OTCMKTS:SSLLF) Price Target to €90.00

Siltronic (OTCMKTS:SSLLFGet Rating) had its price objective reduced by UBS Group from €96.00 ($101.05) to €90.00 ($94.74) in a research note issued to investors on Wednesday, The Fly reports. They currently have a neutral rating on the stock.

Several other research firms also recently commented on SSLLF. Oddo Bhf raised shares of Siltronic from a neutral rating to an outperform rating in a research note on Tuesday, January 18th. Berenberg Bank reduced their target price on shares of Siltronic from €135.00 ($142.11) to €115.00 ($121.05) and set a buy rating on the stock in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Siltronic from €145.00 ($152.63) to €110.00 ($115.79) and set a hold rating for the company in a research note on Thursday, March 10th. Finally, Jefferies Financial Group raised Siltronic from a hold rating to a buy rating in a research note on Tuesday, January 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $100.00.

SSLLF opened at $95.10 on Wednesday. The business’s fifty day simple moving average is $100.72 and its 200 day simple moving average is $131.20. Siltronic has a 52 week low of $91.00 and a 52 week high of $162.80.

Siltronic (OTCMKTS:SSLLFGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported $3.19 earnings per share (EPS) for the quarter. The firm had revenue of $430.71 million during the quarter.

Siltronic Company Profile (Get Rating)

Siltronic AG, together with its subsidiaries, manufactures and sells hyperpure semiconductor silicon wafers with diameters of up to 300 mm worldwide. It offers polished and epitaxial wafers. The company also provides special products, such as Ultimate Silicon, an optimal crystal for polished wafers; PowerFZ, a wafer product based on the float zone method; and HIREF, a high reflective non-polished wafer product.

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