Salzgitter AG (SZG) PT Set at €47.00 by Nord/LB
Salzgitter AG (ETR:SZG) has been given a €47.00 ($54.65) price objective by equities research analysts at Nord/LB in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Nord/LB’s price objective would indicate a potential upside of 15.48% from the company’s previous close.
A number of other research analysts also recently issued reports on SZG. Independent Research GmbH set a €43.00 ($50.00) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Friday. Citigroup Inc. reiterated a “neutral” rating on shares of Salzgitter AG in a report on Thursday, November 9th. Kepler Capital Markets set a €50.00 ($58.14) price target on Salzgitter AG and gave the company a “buy” rating in a report on Thursday, November 9th. Morgan Stanley set a €35.00 ($40.70) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Thursday, November 9th. Finally, Baader Bank set a €38.50 ($44.77) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €40.85 ($47.50).
Shares of Salzgitter AG (ETR SZG) opened at €40.70 ($47.33) on Tuesday. Salzgitter AG has a 1 year low of €28.39 ($33.01) and a 1 year high of €44.28 ($51.49).
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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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