Salzgitter AG (ETR:SZG) received a €29.00 ($34.52) price target from stock analysts at Barclays PLC in a research note issued to investors on Monday. The brokerage presently has a “sell” rating on the stock.

Several other research firms also recently commented on SZG. UBS AG set a €31.00 ($36.90) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Tuesday, May 23rd. Citigroup Inc. set a €40.00 ($47.62) target price on Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, July 14th. Berenberg Bank set a €48.00 ($57.14) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Friday, July 28th. Nord/LB set a €43.00 ($51.19) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Monday, May 29th. Finally, Bank of America Corp set a €39.00 ($46.43) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €38.24 ($45.53).

Shares of Salzgitter AG (ETR SZG) opened at 38.309 on Monday. The firm has a market capitalization of €2.07 billion and a price-to-earnings ratio of 20.163. The firm has a 50-day moving average price of €37.64 and a 200 day moving average price of €35.16. Salzgitter AG has a 12 month low of €26.12 and a 12 month high of €39.49.

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About Salzgitter AG

Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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