Salzgitter AG (ETR:SZG) has been given a €42.00 ($45.16) price objective by investment analysts at Jefferies Group LLC in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock.
Several other equities research analysts have also commented on SZG. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a price objective on shares of Salzgitter AG in a research report on Thursday, November 17th. Warburg Research set a €27.00 ($29.03) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Thursday, November 17th. DZ Bank AG reiterated a “buy” rating on shares of Salzgitter AG in a research report on Tuesday, December 6th. Morgan Stanley set a €32.40 ($34.84) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Tuesday, December 13th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Salzgitter AG in a research report on Wednesday, December 21st. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of €35.47 ($38.14).
Shares of Salzgitter AG (ETR:SZG) opened at 36.089 on Friday. The firm’s 50 day moving average is €36.07 and its 200-day moving average is €32.43. Salzgitter AG has a 12 month low of €22.67 and a 12 month high of €38.04. The firm’s market capitalization is €1.95 billion.
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Salzgitter AG Company Profile
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.
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