Salzgitter AG (SZG) Earns Neutral Rating from Jefferies Group LLC
SZG has been the subject of several other reports. Commerzbank Ag set a €38.00 ($45.24) price objective on Salzgitter AG and gave the stock a neutral rating in a research report on Friday, June 23rd. Kepler Capital Markets set a €45.00 ($53.57) price objective on Salzgitter AG and gave the stock a buy rating in a research report on Monday, May 29th. Nord/LB set a €43.00 ($51.19) price objective on Salzgitter AG and gave the stock a buy rating in a research report on Monday, May 29th. Berenberg Bank set a €45.00 ($53.57) price objective on Salzgitter AG and gave the stock a buy rating in a research report on Thursday, July 6th. Finally, DZ Bank AG reaffirmed a neutral rating on shares of Salzgitter AG in a research report on Friday, July 28th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of €38.24 ($45.53).
Shares of Salzgitter AG (ETR:SZG) opened at 37.924 on Friday. The company has a 50 day moving average of €37.66 and a 200 day moving average of €35.12. Salzgitter AG has a 52-week low of €26.12 and a 52-week high of €39.49. The stock has a market capitalization of €2.05 billion and a price-to-earnings ratio of 19.960.
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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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