Salzgitter AG (SZG) PT Set at €28.00 by BNP Paribas
Salzgitter AG (ETR:SZG) has been assigned a €28.00 ($30.11) price objective by analysts at BNP Paribas in a report released on Friday. The firm currently has a a “neutral” rating on the stock.
A number of other research firms have also recently commented on SZG. Barclays PLC set a €23.00 ($24.73) price target on Salzgitter AG and gave the stock a “sell” rating in a report on Friday, October 21st. Baader Bank set a €26.00 ($27.96) price objective on Salzgitter AG and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Jefferies Group set a €34.00 ($36.56) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Tuesday, September 20th. Deutsche Bank AG set a €41.00 ($44.09) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Thursday, October 27th. Finally, Goldman Sachs Group Inc. set a €26.50 ($28.49) price objective on Salzgitter AG and gave the stock a “sell” rating in a report on Thursday, October 13th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Salzgitter AG has an average rating of “Hold” and an average target price of €29.58 ($31.81).
Salzgitter AG (ETR:SZG) opened at 29.854 on Friday. The company’s market cap is €1.62 billion. Salzgitter AG has a one year low of €16.90 and a one year high of €32.40. The stock has a 50 day moving average of €29.57 and a 200 day moving average of €27.87.
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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