Salzgitter AG (ETR:SZG) has been given a €44.00 ($51.16) target price by Goldman Sachs Group, Inc. (The) in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 11.31% from the stock’s current price.
Several other analysts have also issued reports on SZG. Morgan Stanley set a €35.00 ($40.70) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Citigroup Inc. reiterated a “neutral” rating on shares of Salzgitter AG in a research report on Thursday, November 9th. Independent Research GmbH set a €43.00 ($50.00) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, November 10th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Salzgitter AG in a research report on Wednesday. Finally, Commerzbank Ag set a €38.00 ($44.19) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of €40.85 ($47.50).
Shares of Salzgitter AG (ETR SZG) opened at €39.53 ($45.97) on Wednesday. Salzgitter AG has a 52-week low of €28.39 ($33.01) and a 52-week high of €44.28 ($51.49).
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Salzgitter AG Company Profile
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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