|Bid||16.62 x 317900|
|Ask||16.63 x 50000|
|Day's Range||16.23 - 16.70|
|52 Week Range||11.20 - 16.98|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||0.20 (1.21%)|
|Ex-Dividend Date||Jul 19, 2019|
|1y Target Est||18.51|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Suedzucker AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Südzucker AG (FRA:SZU) is a small-cap stock with a market capitalization of €3.0b. While investors primarily focus on...
"Our decision to confirm Suedzucker's Baa3 ratings considers the rebound in spot sugar prices in recent months and the possibility that lower sugar production across Europe this year might lead to a sustained recovery in sugar prices over the next 6 to 12 months, supporting an eventual strengthening of the company's credit metrics to a level commensurate with the rating during fiscal 2021," says Paolo Leschiutta, a Moody's Senior Vice President and lead analyst for Suedzucker. "The improvement in the company's profitability will be slow and will largely depend on prevailing sugar prices towards the end of 2019, when the company will start negotiating new contracts with its customers for 2019 sugar production.
Moody's Investors Service, ("Moody's") has today placed under review for downgrade the Baa3 long-term issuer rating and the Prime-3 (P-3) short-term rating of Suedzucker AG ('Suedzucker' or 'the company'), as well as Suedzucker International Finance B.V.'s Baa3 long-term issuer rating and the Prime-3 (P-3) short-term rating. Suedzucker is the leading beet sugar producer in Europe.