Salzgitter (SZG) PT Set at €42.00 by Warburg Research
Salzgitter (ETR:SZG) has been assigned a €42.00 ($50.00) target price by equities research analysts at Warburg Research in a research note issued on Tuesday. The firm presently has a “neutral” rating on the stock. Warburg Research’s price target would suggest a potential downside of 1.01% from the company’s current price.
A number of other brokerages also recently commented on SZG. Morgan Stanley set a €35.00 ($41.67) target price on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group set a €42.00 ($50.00) target price on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Citigroup set a €40.00 ($47.62) target price on Salzgitter and gave the company a “neutral” rating in a research note on Monday, August 14th. Deutsche Bank set a €44.00 ($52.38) target price on Salzgitter and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, DZ Bank restated a “neutral” rating on shares of Salzgitter in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €41.13 ($48.96).
Salzgitter (ETR SZG) opened at €42.43 ($50.51) on Tuesday. Salzgitter has a 52 week low of €29.74 ($35.40) and a 52 week high of €45.06 ($53.64).
Salzgitter Company Profile
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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