Salzgitter AG (SZG) Given a €27.00 Price Target by Warburg Research Analysts
Salzgitter AG (ETR:SZG) has been assigned a €27.00 ($29.03) price target by investment analysts at Warburg Research in a report issued on Thursday. The firm presently has a a “neutral” rating on the stock.
Other equities analysts have also issued research reports about the company. Berenberg Bank set a €41.00 ($44.09) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, August 10th. Independent Research GmbH set a €28.00 ($30.11) target price on Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Salzgitter AG in a research note on Thursday. Deutsche Bank AG set a €41.00 ($44.09) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, 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 10th. 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €29.66 ($31.89).
Shares of Salzgitter AG (ETR:SZG) traded down 1.200% during midday trading on Thursday, hitting €29.643. The stock had a trading volume of 88 shares. The firm’s 50-day moving average is €29.61 and its 200 day moving average is €27.87. The company’s market capitalization is €1.60 billion. Salzgitter AG has a one year low of €16.90 and a one year high of €32.40.
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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