Salzgitter AG (ETR:SZG) received a €28.00 ($30.11) price target from equities researchers at Independent Research GmbH in a note issued to investors on Wednesday. The firm presently has a a “sell” rating on the stock.

Other research analysts also recently issued reports about the stock. Berenberg Bank set a €41.00 ($44.09) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, August 10th. Deutsche Bank AG set a €41.00 ($44.09) price target on shares of Salzgitter AG and gave the stock 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 stock 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 stock a “neutral” rating in a research report on Friday, November 11th. Finally, Baader Bank set a €26.00 ($27.96) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Salzgitter AG currently has an average rating of “Hold” and a consensus price target of €29.66 ($31.89).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Shares of Salzgitter AG (ETR:SZG) opened at 29.007 on Wednesday. Salzgitter AG has a 12-month low of €16.90 and a 12-month high of €32.40. The stock’s market cap is €1.57 billion. The company’s 50-day moving average is €29.62 and its 200-day moving average is €27.88.

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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