Salzgitter (SZG) Given a €49.00 Price Target at Independent Research

Salzgitter (ETR:SZG) received a €49.00 ($58.33) price objective from research analysts at Independent Research in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 4.21% from the stock’s current price.

Several other equities analysts have also recently commented on SZG. Deutsche Bank set a €49.00 ($58.33) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday. Citigroup set a €50.00 ($59.52) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday. Goldman Sachs set a €49.50 ($58.93) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Tuesday. Commerzbank set a €54.00 ($64.29) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Tuesday. Finally, Nord/LB set a €58.00 ($69.05) target price on shares of Salzgitter and gave the company a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of €44.03 ($52.41).

Shares of Salzgitter opened at €47.02 ($55.98) on Friday, MarketBeat reports. Salzgitter has a 12 month low of €29.74 ($35.40) and a 12 month high of €52.40 ($62.38).

Salzgitter Company Profile

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter (ETR:SZG)

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