JPMorgan Chase & Co. set a €28.00 ($31.11) price objective on Salzgitter AG (ETR:SZG) in a research report report published on Thursday morning. The brokerage currently has a a neutral rating on the stock.

Several other equities research analysts have also issued reports on SZG. Citigroup Inc. set a €35.00 ($38.89) price objective on Salzgitter AG and gave the company a buy rating in a research note on Wednesday, June 1st. Kepler Capital Markets set a €27.00 ($30.00) price objective on Salzgitter AG and gave the company a neutral rating in a research note on Wednesday, May 25th. Morgan Stanley set a €30.50 ($33.89) price objective on Salzgitter AG and gave the company a neutral rating in a research note on Wednesday, June 29th. Berenberg Bank set a €41.00 ($45.56) price objective on Salzgitter AG and gave the company a buy rating in a research note on Friday, June 3rd. Finally, Societe Generale set a €33.00 ($36.67) price objective on Salzgitter AG and gave the company a neutral rating in a research note on Monday, July 25th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of €29.40 ($32.67).

Salzgitter AG (ETR:SZG) opened at 27.69 on Thursday. The firm has a 50-day moving average price of €28.30 and a 200-day moving average price of €26.80. The firm’s market cap is €1.50 billion. Salzgitter AG has a one year low of €16.90 and a one year high of €30.63.

About Salzgitter AG

Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.

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