J P Morgan Chase & Co Analysts Give Salzgitter AG (ETR:SZG) a €40.50 Price Target

Salzgitter AG (ETR:SZG) received a €40.50 ($47.65) price objective from equities researchers at J P Morgan Chase & Co in a report released on Friday. The firm currently has a “neutral” rating on the stock.

SZG has been the subject of a number of other reports. Berenberg Bank set a €42.00 ($49.41) price target on Salzgitter AG and gave the company a “buy” rating in a report on Thursday, April 20th. Independent Research GmbH set a €35.00 ($41.18) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Wednesday, May 3rd. Commerzbank Ag set a €38.00 ($44.71) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Friday, June 23rd. Nord/LB set a €43.00 ($50.59) price target on Salzgitter AG and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Kepler Capital Markets set a €45.00 ($52.94) price target on Salzgitter AG and gave the company a “buy” rating in a report on Monday, May 29th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Salzgitter AG has an average rating of “Hold” and an average target price of €37.96 ($44.66).

Salzgitter AG (ETR:SZG) opened at 37.51 on Friday. Salzgitter AG has a 1-year low of €26.12 and a 1-year high of €39.49. The firm has a market cap of €2.03 billion and a PE ratio of 20.01. The firm’s 50-day moving average is €37.17 and its 200 day moving average is €35.00.

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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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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