Salzgitter (SZG) Receives Neutral Rating from Jefferies Group

Jefferies Group reiterated their neutral rating on shares of Salzgitter (ETR:SZG) in a research report report published on Friday morning.

A number of other equities research analysts have also recently commented on SZG. Morgan Stanley set a €39.10 ($46.55) target price on Salzgitter and gave the company a neutral rating in a research report on Friday, August 18th. Barclays set a €29.00 ($34.52) target price on Salzgitter and gave the company a sell rating in a research report on Monday, September 18th. Baader Bank set a €38.50 ($45.83) target price on Salzgitter and gave the company a neutral rating in a research report on Thursday, September 21st. BNP Paribas set a €36.00 ($42.86) target price on Salzgitter and gave the company a neutral rating in a research report on Thursday, October 12th. Finally, Citigroup set a €40.00 ($47.62) target price on Salzgitter and gave the company a neutral rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of €41.13 ($48.96).

Shares of Salzgitter (SZG) opened at €45.92 ($54.67) on Friday. Salzgitter has a 12-month low of €29.74 ($35.40) and a 12-month high of €45.25 ($53.87).

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Salzgitter 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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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