Salzgitter (SZG) Given a €33.00 Price Target at Bank of America

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Bank of America set a €33.00 ($38.37) target price on Salzgitter (ETR:SZG) in a research report report published on Wednesday morning. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on SZG. UBS Group set a €30.50 ($35.47) price objective on Salzgitter and gave the company a neutral rating in a report on Monday, December 3rd. Goldman Sachs Group set a €47.00 ($54.65) price objective on Salzgitter and gave the company a neutral rating in a report on Wednesday, November 14th. Independent Research set a €43.00 ($50.00) price objective on Salzgitter and gave the company a neutral rating in a report on Thursday, September 20th. Morgan Stanley set a €42.00 ($48.84) price objective on Salzgitter and gave the company a neutral rating in a report on Wednesday, November 14th. Finally, Jefferies Financial Group set a €43.00 ($50.00) price objective on Salzgitter and gave the company a neutral rating in a report on Monday, October 15th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €37.82 ($43.97).

ETR SZG opened at €27.40 ($31.86) on Wednesday. Salzgitter has a fifty-two week low of €29.74 ($34.58) and a fifty-two week high of €52.40 ($60.93).

About Salzgitter

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.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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