Credit Suisse Group AG Reiterates “€28.00” Price Target for Salzgitter AG (SZG)
Salzgitter AG (ETR:SZG) has been given a €28.00 ($30.77) price target by Credit Suisse Group AG in a note issued to investors on Wednesday. The firm currently has a a “neutral” rating on the stock.
Several other brokerages also recently issued reports on SZG. JPMorgan Chase & Co. set a €27.00 ($29.67) price objective on Salzgitter AG and gave the company a “neutral” rating in a research report on Thursday, July 21st. Barclays PLC set a €25.00 ($27.47) price objective on Salzgitter AG and gave the company a “sell” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. set a €22.00 ($24.18) target price on Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, July 13th. DZ Bank AG reiterated a “neutral” rating on shares of Salzgitter AG in a research note on Tuesday, July 12th. Finally, Berenberg Bank set a €41.00 ($45.05) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Thursday, June 30th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of €29.46 ($32.37).
Salzgitter AG (ETR:SZG) opened at 29.813 on Wednesday. The stock’s market cap is €1.61 billion. The stock has a 50 day moving average price of €29.03 and a 200 day moving average price of €27.62. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €32.40.
Salzgitter AG Company Profile
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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