Salzgitter AG (ETR:SZG) has been given a €36.00 ($38.71) target price by investment analysts at Jefferies Group in a report issued on Friday. The brokerage currently has a a “buy” rating on the stock.

Other analysts have also issued reports about the stock. Berenberg Bank set a €41.00 ($44.09) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, August 10th. Deutsche Bank AG set a €41.00 ($44.09) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Commerzbank AG set a €22.00 ($23.66) price target on shares of Salzgitter AG and gave the company a “sell” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. set a €29.00 ($31.18) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a research report on Friday. Finally, Baader Bank set a €26.00 ($27.96) price objective on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Wednesday, August 10th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €29.58 ($31.81).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Shares of Salzgitter AG (ETR:SZG) opened at 29.854 on Friday. Salzgitter AG has a 1-year low of €16.90 and a 1-year high of €32.40. The company’s market capitalization is €1.62 billion. The firm’s 50-day moving average is €29.57 and its 200-day moving average is €27.87.

Salzgitter AG Company Profile

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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