Salzgitter AG (SZG) PT Set at €40.00 by Citigroup Inc.
Salzgitter AG (ETR:SZG) has been given a €40.00 ($47.06) price objective by investment analysts at Citigroup Inc. in a report released on Monday. The brokerage presently has a “neutral” rating on the stock.
A number of other analysts have also recently issued reports on the company. Berenberg Bank set a €45.00 ($52.94) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Thursday, July 6th. DZ Bank AG reissued a “neutral” rating on shares of Salzgitter AG in a report on Wednesday, July 5th. Nord/LB set a €43.00 ($50.59) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Friday, June 30th. Commerzbank Ag set a €38.00 ($44.71) price objective on Salzgitter AG and gave the stock a “neutral” rating in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) set a €41.00 ($48.24) price objective on Salzgitter AG and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Salzgitter AG presently has a consensus rating of “Hold” and a consensus target price of €38.33 ($45.10).
Salzgitter AG (SZG) traded up 2.807% on Monday, reaching €41.135. The company had a trading volume of 3,902 shares. The stock has a market capitalization of €2.22 billion and a P/E ratio of 21.650. Salzgitter AG has a 12-month low of €26.12 and a 12-month high of €41.19. The stock’s 50-day moving average price is €37.83 and its 200-day moving average price is €35.60.
Salzgitter AG Company Profile
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.
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