Salzgitter AG (SZG) Given a €23.00 Price Target by Barclays PLC Analysts
Salzgitter AG (ETR:SZG) has been assigned a €23.00 ($25.56) price objective by equities research analysts at Barclays PLC in a research report issued on Tuesday. The firm presently has a a “sell” rating on the stock.
A number of other analysts also recently issued reports on SZG. Goldman Sachs Group Inc. set a €29.00 ($32.22) price objective on shares of Salzgitter AG and gave the stock a “buy” rating in a report on Tuesday, May 24th. Kepler Capital Markets set a €27.00 ($30.00) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, May 25th. Royal Bank Of Canada set a €33.00 ($36.67) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Friday, May 27th. Credit Suisse Group AG set a €40.00 ($44.44) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, May 31st. Finally, Citigroup Inc. set a €35.00 ($38.89) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Wednesday, June 1st. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €29.40 ($32.67).
Salzgitter AG (ETR:SZG) opened at 27.764 on Tuesday. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €30.63. The company has a 50-day moving average of €28.30 and a 200-day moving average of €26.83. The firm’s market cap is €1.50 billion.
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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