J P Morgan Chase & Co set a €36.50 ($38.42) target price on Salzgitter AG (ETR:SZG) in a report issued on Thursday. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. DZ Bank AG reissued a buy rating on shares of Salzgitter AG in a research note on Tuesday, December 6th. Jefferies Group set a €42.00 ($44.21) target price on shares of Salzgitter AG and gave the company a buy rating in a research note on Monday, December 12th. Nord/LB reissued a buy rating on shares of Salzgitter AG in a research note on Wednesday, November 2nd. Commerzbank AG set a €22.00 ($23.16) target price on shares of Salzgitter AG and gave the company a sell rating in a research note on Friday, November 4th. Finally, Barclays PLC set a €23.00 ($24.21) target price on shares of Salzgitter AG and gave the company a sell rating in a research note on Tuesday, September 20th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. Salzgitter AG presently has an average rating of Hold and a consensus target price of €30.32 ($31.91).

Shares of Salzgitter AG (ETR:SZG) traded up 1.016% during midday trading on Thursday, reaching €35.509. 812 shares of the company were exchanged. The stock’s 50-day moving average price is €32.40 and its 200-day moving average price is €29.14. The company’s market capitalization is €1.92 billion. Salzgitter AG has a 52-week low of €16.90 and a 52-week high of €35.51.

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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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