Salzgitter AG (ETR:SZG) has been assigned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is €44.44 ($54.87).
A number of brokerages have recently commented on SZG. Deutsche Bank set a €47.00 ($58.02) price target on Salzgitter and gave the company a “neutral” rating in a research note on Friday, January 12th. Goldman Sachs set a €58.00 ($71.60) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. JPMorgan Chase set a €42.00 ($51.85) target price on Salzgitter and gave the stock a “sell” rating in a research report on Thursday, January 25th. Citigroup set a €50.00 ($61.73) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Independent Research set a €50.00 ($61.73) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, January 31st.
Shares of ETR SZG traded down €0.30 ($0.37) during midday trading on Wednesday, hitting €43.14 ($53.26). The stock had a trading volume of 59,984 shares, compared to its average volume of 273,405. Salzgitter has a fifty-two week low of €29.74 ($36.72) and a fifty-two week high of €52.40 ($64.69).
Salzgitter Company Profile
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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