Salzgitter AG (ETR:SZG) has been given a €42.00 ($45.16) price target by stock analysts at Jefferies Group LLC in a research note issued on Friday. The firm currently has a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. DZ Bank AG reiterated a “buy” rating on shares of Salzgitter AG in a research report on Tuesday, December 6th. Morgan Stanley set a €37.40 ($40.22) target price on shares of Salzgitter AG and gave the company a “neutral” rating in a research report on Tuesday, March 14th. Bank of America Corp set a €41.00 ($44.09) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Tuesday, January 24th. Independent Research GmbH set a €30.00 ($32.26) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research report on Tuesday, February 28th. Finally, Goldman Sachs Group Inc set a €45.00 ($48.39) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, March 1st. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €35.47 ($38.14).
Shares of Salzgitter AG (ETR:SZG) opened at 36.089 on Friday. The stock’s market capitalization is €1.95 billion. The firm has a 50-day moving average of €36.07 and a 200 day moving average of €32.43. Salzgitter AG has a 52-week low of €22.67 and a 52-week high of €38.04.
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Salzgitter AG Company Profile
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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