Salzgitter AG (ETR:SZG) received a €47.00 ($55.29) target price from analysts at Nord/LB in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock.

A number of other brokerages have also weighed in on SZG. UBS AG set a €31.00 ($36.47) target price on shares of Salzgitter AG and gave the stock a “sell” rating in a research note on Tuesday, May 23rd. Citigroup Inc. set a €40.00 ($47.06) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Friday, July 14th. Berenberg Bank set a €48.00 ($56.47) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Friday, July 28th. Bank of America Corporation set a €39.00 ($45.88) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG set a €44.00 ($51.76) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Salzgitter AG has a consensus rating of “Hold” and an average target price of €37.96 ($44.66).

Shares of Salzgitter AG (ETR SZG) opened at 38.249 on Friday. The stock has a market capitalization of €2.07 billion and a price-to-earnings ratio of 20.399. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The company’s 50 day moving average price is €37.17 and its 200 day moving average price is €35.00.

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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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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