Century Aluminum rating lowered to Market Perform

Century Aluminum was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $9.00 target price on the stock, down from their previous target price of $10.00. Cowen and Company’s price target would suggest a potential downside of 22.68% from the company’s current price. The analysts noted that the move was a valuation call.

Century Aluminum opened at 11.64 on Wednesday. Century Aluminum has a one year low of $6.26 and a one year high of $12.58. The stock’s 50-day moving average is $10. and its 200-day moving average is $9.12. The company’s market cap is $1.032 billion.

CENX has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Century Aluminum from an “underweight” rating to an “overweight” rating in a research note to investors on Tuesday, January 21st. They now have a $13.00 price target on the stock, up previously from $6.00. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Century Aluminum has an average rating of “Hold” and a consensus price target of $9.79.

Century Aluminum Company is engaged in producing aluminum.