Salzgitter’s (SZG) “Sell” Rating Reiterated at DZ Bank
Salzgitter (ETR:SZG)‘s stock had its “sell” rating reiterated by stock analysts at DZ Bank in a research report issued to clients and investors on Thursday.
A number of other research analysts have also weighed in on SZG. Citigroup set a €40.00 ($47.62) price target on shares of Salzgitter and gave the company a “neutral” rating in a research report on Monday, October 16th. Warburg Research set a €42.00 ($50.00) price target on shares of Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, December 5th. Jefferies Group reissued a “neutral” rating on shares of Salzgitter in a research report on Friday, September 15th. Deutsche Bank set a €45.00 ($53.57) price target on shares of Salzgitter and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Baader Bank set a €38.50 ($45.83) price target on shares of Salzgitter and gave the company a “neutral” rating in a research report on Thursday, September 21st. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €41.13 ($48.96).
Salzgitter (ETR SZG) opened at €48.50 ($57.74) on Thursday. Salzgitter has a 12-month low of €29.74 ($35.40) and a 12-month high of €49.32 ($58.71). The firm has a market cap of $2,940.00 and a PE ratio of 19.02.
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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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