A number of other research analysts have also recently commented on the stock. Morgan Stanley set a €30.50 ($33.52) price target on shares of Salzgitter AG and gave the stock a neutral rating in a report on Monday, October 10th. Bank of America Corp. set a €35.00 ($38.46) price target on shares of Salzgitter AG and gave the stock a buy rating in a report on Friday, October 7th. Jefferies Group set a €34.00 ($37.36) price target on shares of Salzgitter AG and gave the stock a buy rating in a report on Friday, September 30th. Warburg Research set a €27.00 ($29.67) price target on shares of Salzgitter AG and gave the stock a neutral rating in a report on Friday, September 23rd. Finally, Barclays PLC set a €23.00 ($25.27) price target on shares of Salzgitter AG and gave the stock a sell rating in a report on Tuesday, September 20th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. Salzgitter AG has an average rating of Hold and an average price target of €29.94 ($32.90).
Shares of Salzgitter AG (ETR:SZG) opened at 30.745 on Thursday. The stock has a 50 day moving average of €28.99 and a 200-day moving average of €27.58. The company’s market capitalization is €1.66 billion. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €32.40.
Salzgitter AG Company Profile
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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