Salzgitter AG (SZG) PT Set at €29.00 by JPMorgan Chase & Co.
Salzgitter AG (ETR:SZG) received a €29.00 ($31.18) price target from equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. The brokerage presently has a a “neutral” rating on the stock.
Several other research firms also recently weighed in on SZG. Barclays PLC set a €23.00 ($24.73) 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 ($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 equities research 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’s stock. Salzgitter AG currently has a consensus rating of “Hold” and an average price target of €29.58 ($31.81).
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 50-day moving average price is €29.57 and its 200 day moving average price is €27.87. The stock’s market cap is €1.62 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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