Salzgitter AG (SZG) PT Set at €40.00 by S&P Global
Salzgitter AG (ETR:SZG) has been assigned a €40.00 ($47.06) target price by equities research analysts at S&P Global in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock.
A number of other equities analysts have also weighed in on SZG. Royal Bank Of Canada set a €38.00 ($44.71) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Barclays PLC set a €29.00 ($34.12) price objective on Salzgitter AG and gave the stock a “sell” rating in a research note on Tuesday, April 18th. Deutsche Bank AG set a €42.00 ($49.41) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Jefferies Group LLC set a €34.00 ($40.00) price objective on Salzgitter AG and gave the stock a “neutral” rating in a research note on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, April 20th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €37.78 ($44.44).
Shares of Salzgitter AG (ETR SZG) opened at 38.338 on Friday. The company’s 50-day moving average price is €37.17 and its 200 day moving average price is €35.00. Salzgitter AG has a 12-month low of €26.12 and a 12-month high of €39.49. The stock has a market cap of €2.07 billion and a price-to-earnings ratio of 20.447.
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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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