Several other equities research analysts also recently issued reports on SZG. Warburg Research set a €42.00 ($51.85) price objective on shares of Salzgitter and gave the stock a neutral rating in a research report on Tuesday, December 5th. Citigroup set a €50.00 ($61.73) price objective on shares of Salzgitter and gave the stock a neutral rating in a research report on Thursday, February 1st. DZ Bank reissued a sell rating on shares of Salzgitter in a research report on Monday, March 5th. Nord/LB set a €52.00 ($64.20) price objective on shares of Salzgitter and gave the stock a buy rating in a research report on Monday, March 19th. Finally, Barclays set a €35.00 ($43.21) price objective on shares of Salzgitter and gave the stock a sell rating in a research report on Monday, February 5th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. Salzgitter presently has an average rating of Hold and a consensus price target of €43.87 ($54.16).
Shares of Salzgitter (SZG) opened at €41.25 ($50.93) on Tuesday. Salzgitter has a 12-month low of €29.74 ($36.72) and a 12-month high of €52.40 ($64.69). The stock has a market cap of $2,540.00 and a price-to-earnings ratio of 16.18.
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Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.
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