Morgan Stanley set a €30.50 ($33.89) price target on Salzgitter AG (ETR:SZG) in a research report sent to investors on Monday morning. The brokerage currently has a a neutral rating on the stock.

SZG has been the topic of several other research reports. Deutsche Bank AG reissued a buy rating on shares of Salzgitter AG in a research note on Wednesday, August 17th. Warburg Research set a €27.00 ($30.00) price objective on shares of Salzgitter AG and gave the stock a neutral rating in a research note on Friday, September 23rd. Bank of America Corp. 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 Thursday, June 16th. 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, June 29th. Finally, BNP Paribas set a €28.00 ($31.11) price objective on shares of Salzgitter AG and gave the stock a neutral rating in a research note on Thursday, August 11th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of €29.76 ($33.07).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Shares of Salzgitter AG (ETR:SZG) opened at 32.047 on Monday. Salzgitter AG has a 52-week low of €16.90 and a 52-week high of €32.40. The company’s market capitalization is €1.73 billion. The firm has a 50-day moving average of €28.69 and a 200 day moving average of €27.35.

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.

Receive News & Stock Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related stocks with our FREE daily email newsletter.