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).

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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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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