Salzgitter AG (SZG) Given Average Rating of “Hold” by Analysts
Salzgitter AG (ETR:SZG) has been assigned a consensus rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is €38.00 ($45.24).
Several research firms recently weighed in on SZG. Commerzbank Ag set a €38.00 ($45.24) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Thursday, August 10th. S&P Global set a €40.00 ($47.62) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, August 11th. Royal Bank Of Canada set a €39.00 ($46.43) target price on Salzgitter AG and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) set a €41.00 ($48.81) target price on Salzgitter AG and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Finally, Berenberg Bank set a €48.00 ($57.14) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, August 10th.
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Salzgitter AG (ETR:SZG) traded up 2.068% during midday trading on Friday, hitting €37.507. 155 shares of the stock were exchanged. The company’s 50 day moving average is €37.64 and its 200 day moving average is €35.16. The company has a market capitalization of €2.03 billion and a P/E ratio of 19.741. Salzgitter AG has a 1-year low of €26.12 and a 1-year high of €39.49.
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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