Salzgitter AG (ETR:SZG) has been given a €33.00 ($37.08) price target by equities researchers at RBC Capital in a research report issued on Friday. The brokerage presently has a a “buy” rating on the stock.
Salzgitter AG (ETR:SZG) opened at 26.964 on Friday. The stock has a 50 day moving average price of €27.71 and a 200-day moving average price of €23.55. Salzgitter AG has a 1-year low of €16.90 and a 1-year high of €35.09.
Other equities analysts also recently issued research reports about the stock. Berenberg Bank set a €25.00 ($28.09) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, February 24th. Commerzbank AG set a €17.00 ($19.10) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Tuesday, April 26th. Independent Research GmbH set a €17.00 ($19.10) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Monday, February 29th. JPMorgan Chase & Co. set a €24.00 ($26.97) target price on shares of Salzgitter AG and gave the company a “neutral” rating in a research note on Monday, March 14th. Finally, Warburg Research set a €34.00 ($38.20) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research note on Thursday, January 28th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of €28.01 ($31.48).
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.
