Several other equities research analysts have also recently weighed in on the company. Deutsche Bank AG reissued a buy rating on shares of Salzgitter AG in a research note on Wednesday, August 17th. Warburg Research set a €27.00 ($30.00) price objective on Salzgitter AG and gave the stock a neutral rating in a research note on Friday, September 23rd. Bank of America Corp. set a €26.00 ($28.89) price objective on Salzgitter AG and gave the stock a neutral rating in a research note on Thursday, June 16th. Commerzbank AG set a €22.00 ($24.44) price objective on Salzgitter AG and gave the stock a sell rating in a research note on Wednesday, June 29th. Finally, BNP Paribas set a €28.00 ($31.11) price objective on Salzgitter AG and gave the stock a neutral rating in a research note on Thursday, August 11th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of €29.40 ($32.67).
Salzgitter AG (ETR:SZG) opened at 29.37 on Monday. Salzgitter AG has a 12 month low of €16.90 and a 12 month high of €30.63. The company’s market cap is €1.59 billion. The stock has a 50 day moving average price of €28.38 and a 200 day moving average price of €27.06.
About Salzgitter AG
Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.
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