Salzgitter AG (ETR:SZG) has been given a €26.50 ($29.44) price target by research analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. The firm currently has a a “sell” rating on the stock.

Several other research firms have also commented on SZG. Baader Bank set a €26.00 ($28.89) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Jefferies Group set a €34.00 ($37.78) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Tuesday, September 20th. Commerzbank AG set a €22.00 ($24.44) target price on Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, August 10th. Bankhaus Lampe set a €32.00 ($35.56) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Societe Generale set a €33.00 ($36.67) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Monday, July 25th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €29.94 ($33.27).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Shares of Salzgitter AG (ETR:SZG) opened at 30.60 on Thursday. The firm has a 50-day moving average price of €28.83 and a 200-day moving average price of €27.45. Salzgitter AG has a 52-week low of €16.90 and a 52-week high of €32.40. The firm’s market cap is €1.66 billion.

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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