Salzgitter AG (SZG) PT Set at €34.00 by Nord/LB
Salzgitter AG (ETR:SZG) has been assigned a €34.00 ($36.56) price target by Nord/LB in a research note issued to investors on Friday. The brokerage presently has a a “buy” rating on the stock.
A number of other equities research analysts have also issued reports on the company. Morgan Stanley set a €30.50 ($32.80) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, August 18th. Deutsche Bank AG reiterated a “buy” rating on shares of Salzgitter AG in a research note on Wednesday, August 17th. Commerzbank AG set a €22.00 ($23.66) target price on Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, August 31st. Warburg Research set a €27.00 ($29.03) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Friday, September 23rd. Finally, Berenberg Bank set a €37.00 ($39.78) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Thursday, November 10th. 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’s stock. The company has an average rating of “Hold” and a consensus price target of €29.58 ($31.81).
Shares of Salzgitter AG (ETR:SZG) opened at 29.854 on Friday. The stock’s market cap is €1.62 billion. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €32.40. The firm has a 50-day moving average price of €29.57 and a 200-day moving average price of €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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