Salzgitter AG (ETR:SZG) Given a €39.00 Price Target by Jefferies Group LLC Analysts
Several other analysts also recently commented on SZG. Baader Bank set a €38.50 ($44.25) target price on shares of Salzgitter AG and gave the company a neutral rating in a report on Thursday, March 23rd. Berenberg Bank set a €37.00 ($42.53) target price on shares of Salzgitter AG and gave the company a buy rating in a report on Friday, March 24th. Warburg Research set a €33.00 ($37.93) target price on shares of Salzgitter AG and gave the company a neutral rating in a report on Monday, March 27th. J P Morgan Chase & Co set a €36.50 ($41.95) target price on shares of Salzgitter AG and gave the company a neutral rating in a report on Monday, March 27th. Finally, Independent Research GmbH set a €34.00 ($39.08) target price on shares of Salzgitter AG and gave the company a neutral rating in a report on Tuesday, March 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Salzgitter AG presently has an average rating of Hold and an average target price of €36.74 ($42.23).
Salzgitter AG (ETR SZG) opened at 38.213 on Tuesday. The company has a market cap of €2.06 billion and a P/E ratio of 20.380. The stock has a 50 day moving average of €35.43 and a 200-day moving average of €34.66. Salzgitter AG has a 12 month low of €25.90 and a 12 month high of €38.80.
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About Salzgitter AG
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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