Baader Bank Analysts Give Salzgitter AG (SZG) a €38.50 Price Target
SZG has been the topic of several other research reports. J P Morgan Chase & Co set a €40.50 ($48.21) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research note on Tuesday, July 25th. Jefferies Group LLC set a €39.00 ($46.43) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research note on Friday, August 11th. Deutsche Bank AG set a €44.00 ($52.38) target price on shares of Salzgitter AG and gave the stock a buy rating in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) set a €41.00 ($48.81) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research note on Thursday, August 10th. Finally, DZ Bank AG reiterated a neutral rating on shares of Salzgitter AG in a research note on Wednesday, July 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of €38.24 ($45.53).
Shares of Salzgitter AG (SZG) opened at 37.85 on Thursday. The firm has a 50-day moving average of €37.64 and a 200 day moving average of €35.16. The stock has a market cap of €2.05 billion and a price-to-earnings ratio of 19.92. Salzgitter AG has a 1-year low of €26.12 and a 1-year high of €39.49.
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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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