Brokerages Set Salzgitter AG (SZG) Target Price at $40.53
Shares of Salzgitter AG (ETR:SZG) have been given a consensus rating of “Hold” by the twenty-one brokerages that are covering the company, MarketBeat.com reports. Three research 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 average 12 month target price among brokerages that have updated their coverage on the stock in the last year is €40.92 ($47.58).
A number of analysts have recently weighed in on the stock. S&P Global set a €40.00 ($46.51) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a report on Wednesday. Citigroup Inc. reiterated a “neutral” rating on shares of Salzgitter AG in a report on Wednesday. Jefferies Group LLC set a €42.00 ($48.84) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) set a €44.00 ($51.16) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Wednesday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Salzgitter AG in a report on Wednesday.
Shares of Salzgitter AG (ETR SZG) traded up €0.40 ($0.47) on Friday, reaching €40.22 ($46.77). The company’s stock had a trading volume of 246,532 shares, compared to its average volume of 228,044. Salzgitter AG has a 1 year low of €28.39 ($33.01) and a 1 year high of €44.28 ($51.49).
ILLEGAL ACTIVITY WARNING: “Brokerages Set Salzgitter AG (SZG) Target Price at $40.53” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/15/brokerages-set-salzgitter-ag-szg-target-price-at-40-53.html.
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.
Receive News & Stock Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related stocks with our FREE daily email newsletter.