Salzgitter AG (ETR:SZG) PT Set at €40.50 by J P Morgan Chase & Co
J P Morgan Chase & Co set a €40.50 ($47.65) price objective on Salzgitter AG (ETR:SZG) in a research report report published on Tuesday, July 25th. The brokerage currently has a neutral rating on the stock.
SZG has been the topic of a number of other reports. Berenberg Bank set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a buy rating in a research report on Thursday, April 20th. Independent Research GmbH set a €35.00 ($41.18) price target on Salzgitter AG and gave the stock a neutral rating in a research report on Wednesday, May 3rd. Commerzbank Ag set a €38.00 ($44.71) price target on Salzgitter AG and gave the stock a neutral rating in a research report on Friday, June 23rd. Deutsche Bank AG set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a buy rating in a research report on Tuesday, March 28th. Finally, Nord/LB set a €43.00 ($50.59) price target on Salzgitter AG and gave the stock a buy rating in a research report on Monday, May 15th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Salzgitter AG currently has an average rating of Hold and an average price target of €38.24 ($44.99).
Salzgitter AG (SZG) traded up 0.09% on Tuesday, hitting €36.63. The stock had a trading volume of 651 shares. The company has a market cap of €1.98 billion and a price-to-earnings ratio of 19.28. Salzgitter AG has a 12-month low of €26.12 and a 12-month high of €39.49. The company’s 50 day moving average price is €37.53 and its 200-day moving average price is €35.05.
About Salzgitter AG
Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.
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