Salzgitter AG (SZG) Given a €39.10 Price Target by Morgan Stanley Analysts
Salzgitter AG (ETR:SZG) has been assigned a €39.10 ($46.00) target price by stock analysts at Morgan Stanley in a research note issued on Friday, August 18th. The brokerage currently has a “neutral” rating on the stock.
SZG has been the subject of a number of other research reports. Baader Bank set a €38.50 ($45.29) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. Nord/LB set a €43.00 ($50.59) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Monday, May 15th. J P Morgan Chase & Co set a €40.50 ($47.65) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada set a €38.00 ($44.71) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. Salzgitter AG presently has a consensus rating of “Hold” and a consensus price target of €38.24 ($44.99).
Shares of Salzgitter AG (ETR:SZG) traded up 1.499% during mid-day trading on Friday, hitting €37.453. The stock had a trading volume of 200 shares. The stock has a 50-day moving average price of €37.63 and a 200 day moving average price of €35.07. The stock has a market cap of €2.03 billion and a P/E ratio of 19.712. Salzgitter AG has a 52 week low of €26.12 and a 52 week high of €39.49.
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Salzgitter AG Company Profile
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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