Salzgitter AG (SZG) Given a €45.00 Price Target at Independent Research GmbH

Independent Research GmbH set a €45.00 ($52.94) target price on Salzgitter AG (ETR:SZG) in a research report report published on Monday morning. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada set a €39.00 ($45.88) target price on Salzgitter AG and gave the company a neutral rating in a research note on Monday, July 24th. Deutsche Bank AG set a €44.00 ($51.76) target price on Salzgitter AG and gave the company a buy rating in a research note on Friday, August 11th. Morgan Stanley set a €39.10 ($46.00) target price on Salzgitter AG and gave the company a neutral rating in a research note on Friday, August 18th. Jefferies Group LLC set a €42.00 ($49.41) target price on Salzgitter AG and gave the company a neutral rating in a research note on Wednesday, October 25th. Finally, Baader Bank set a €38.50 ($45.29) target price on Salzgitter AG and gave the company a neutral rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of €40.98 ($48.21).

Shares of Salzgitter AG (ETR SZG) opened at €43.57 ($51.25) on Monday. Salzgitter AG has a 12 month low of €28.40 ($33.41) and a 12 month high of €44.28 ($52.09).

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About Salzgitter AG

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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