Salzgitter AG (ETR:SZG) received a €45.00 ($47.87) target price from Kepler Capital Markets in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock.
Several other research firms have also recently issued reports on SZG. Barclays PLC set a €29.00 ($30.85) target price on Salzgitter AG and gave the stock a “sell” rating in a research note on Tuesday, February 28th. Royal Bank of Canada set a €40.00 ($42.55) price objective on Salzgitter AG and gave the company a “buy” rating in a research note on Monday, February 20th. JPMorgan Chase & Co. set a €36.50 ($38.83) price objective on Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, January 12th. Baader Bank set a €38.50 ($40.96) price objective on Salzgitter AG and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Salzgitter AG in a research note on Wednesday, December 21st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €35.25 ($37.50).
Salzgitter AG (ETR:SZG) opened at 30.168 on Tuesday. The firm’s 50-day moving average is €33.69 and its 200-day moving average is €33.11. Salzgitter AG has a 12 month low of €22.67 and a 12 month high of €38.04. The company has a market capitalization of €1.63 billion and a PE ratio of 30.627.
About Salzgitter AG
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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