Salzgitter AG (ETR:SZG) has been given a €36.00 ($42.35) price objective by Bank of America Corporation in a note issued to investors on Friday. The firm currently has a “sell” rating on the stock.
Several other equities analysts also recently issued reports on the stock. Commerzbank Ag set a €22.00 ($25.88) price target on shares of Salzgitter AG and gave the company a “sell” rating in a report on Friday, April 28th. Berenberg Bank set a €45.00 ($52.94) price target on shares of Salzgitter AG and gave the company a “buy” rating in a report on Thursday, July 6th. Nord/LB set a €43.00 ($50.59) price target on shares of Salzgitter AG and gave the company a “buy” rating in a report on Friday, May 5th. Warburg Research set a €34.00 ($40.00) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Tuesday, May 16th. Finally, Kepler Capital Markets set a €45.00 ($52.94) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Monday, May 29th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of €37.64 ($44.28).
Salzgitter AG (ETR SZG) opened at 37.51 on Friday. The firm has a 50-day moving average of €37.17 and a 200 day moving average of €35.00. Salzgitter AG has a 52-week low of €26.12 and a 52-week high of €39.49. The company has a market cap of €2.03 billion and a PE ratio of 20.01.
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About Salzgitter AG
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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