Salzgitter AG (ETR:SZG) received a €39.00 ($45.88) price target from investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other research analysts have also recently commented on the stock. Bank of America Corporation set a €39.00 ($45.88) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a report on Tuesday, June 6th. Commerzbank Ag set a €22.00 ($25.88) target price on shares of Salzgitter AG and gave the stock a “sell” rating in a report on Friday, April 28th. Berenberg Bank set a €45.00 ($52.94) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a report on Thursday, July 6th. Nord/LB set a €43.00 ($50.59) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a report on Friday, May 5th. Finally, Warburg Research set a €34.00 ($40.00) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a report on Tuesday, May 16th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €37.96 ($44.66).
Salzgitter AG (SZG) opened at 38.249 on Friday. The firm has a market capitalization of €2.07 billion and a P/E ratio of 20.399. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The stock has a 50 day moving average price of €37.17 and a 200 day moving average price of €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.
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