Salzgitter AG (SZG) PT Set at €37.00 by Berenberg Bank
Salzgitter AG (ETR:SZG) has been assigned a €37.00 ($40.66) target price by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday. The firm currently has a a “buy” rating on the stock.
A number of other research firms also recently issued reports on SZG. Barclays PLC set a €23.00 ($25.27) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Friday, October 21st. Baader Bank set a €26.00 ($28.57) target price on Salzgitter AG and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Jefferies Group set a €34.00 ($37.36) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Deutsche Bank AG set a €41.00 ($45.05) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Thursday, October 27th. Finally, Goldman Sachs Group Inc. set a €26.50 ($29.12) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Thursday, October 13th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €29.58 ($32.51).
Salzgitter AG (ETR:SZG) opened at 29.123 on Thursday. The stock’s 50 day moving average price is €29.53 and its 200-day moving average price is €27.90. Salzgitter AG has a 12-month low of €16.90 and a 12-month high of €32.40. The firm’s market cap is €1.58 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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