Salzgitter AG (SZG) Given a €30.50 Price Target at Morgan Stanley
SZG has been the subject of several other research reports. JPMorgan Chase & Co. set a €28.00 ($31.11) price objective on Salzgitter AG and gave the company a neutral rating in a report on Thursday, September 15th. Jefferies Group set a €34.00 ($37.78) price objective on Salzgitter AG and gave the company a buy rating in a report on Friday, September 30th. DZ Bank AG reissued a neutral rating on shares of Salzgitter AG in a report on Monday, August 15th. Kepler Capital Markets set a €30.00 ($33.33) price objective on Salzgitter AG and gave the company a neutral rating in a report on Monday, August 22nd. Finally, Commerzbank AG set a €22.00 ($24.44) price objective on Salzgitter AG and gave the company a sell rating in a report on Wednesday, August 31st. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. Salzgitter AG currently has a consensus rating of Hold and a consensus target price of €29.94 ($33.27).
Shares of Salzgitter AG (ETR:SZG) opened at 30.213 on Monday. The firm’s market cap is €1.63 billion. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €32.40. The stock has a 50 day moving average of €28.86 and a 200 day moving average of €27.47.
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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