Salzgitter AG (ETR:SZG) received a €35.00 ($38.89) price target from Bank of America Corp. in a research note issued on Friday. The brokerage currently has a a “buy” rating on the stock.

Several other equities research analysts also recently issued reports on SZG. Baader Bank set a €26.00 ($28.89) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Jefferies Group set a €34.00 ($37.78) price objective on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Commerzbank AG set a €22.00 ($24.44) price objective on shares of Salzgitter AG and gave the stock a “sell” rating in a research note on Wednesday, August 10th. Bankhaus Lampe set a €32.00 ($35.56) price objective on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Societe Generale set a €33.00 ($36.67) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Monday, July 25th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of €29.76 ($33.07).

Salzgitter AG (ETR:SZG) opened at 31.03 on Friday. The stock’s market capitalization is €1.68 billion. Salzgitter AG has a 52-week low of €16.90 and a 52-week high of €31.34. The company has a 50 day moving average of €28.56 and a 200-day moving average of €27.23.

About Salzgitter AG

Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.

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