Salzgitter AG (ETR:SZG) Given a €38.50 Price Target at Baader Bank
Salzgitter AG (ETR:SZG) received a €38.50 ($45.29) target price from equities researchers at Baader Bank in a research report issued on Friday. The brokerage currently has a “neutral” rating on the stock.
A number of other research analysts have also recently commented on SZG. UBS AG set a €31.00 ($36.47) target price on Salzgitter AG and gave the company a “sell” rating in a research note on Tuesday, May 23rd. Jefferies Group LLC set a €39.00 ($45.88) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Friday. Nord/LB set a €47.00 ($55.29) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Friday. Warburg Research set a €41.00 ($48.24) price objective on Salzgitter AG and gave the company a “neutral” rating in a research report on Friday. Finally, Independent Research GmbH set a €39.00 ($45.88) price objective on Salzgitter AG and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Salzgitter AG presently has an average rating of “Hold” and an average target price of €37.96 ($44.66).
Shares of Salzgitter AG (SZG) opened at 38.249 on Friday. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The company has a market cap of €2.07 billion and a P/E ratio of 20.399. The company’s 50-day moving average price is €37.17 and its 200 day moving average price is €35.00.
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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