UBS Group set a €30.50 ($35.47) target price on Salzgitter (ETR:SZG) in a research report sent to investors on Wednesday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
Several other analysts have also issued reports on the company. Bank of America set a €33.00 ($38.37) target price on Salzgitter and gave the company a neutral rating in a research note on Wednesday, January 9th. JPMorgan Chase & Co. set a €34.50 ($40.12) target price on Salzgitter and gave the company a sell rating in a research note on Thursday, November 15th. Independent Research set a €28.00 ($32.56) target price on Salzgitter and gave the company a neutral rating in a research note on Thursday, January 3rd. Jefferies Financial Group set a €38.00 ($44.19) target price on Salzgitter and gave the company a neutral rating in a research note on Wednesday, November 14th. Finally, DZ Bank restated a neutral rating on shares of Salzgitter in a research note on Thursday, November 15th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of €35.34 ($41.10).
Shares of SZG opened at €23.60 ($27.44) on Wednesday. Salzgitter has a 1 year low of €29.74 ($34.58) and a 1 year high of €52.40 ($60.93).
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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