Independent Research GmbH set a €45.00 ($52.94) target price on Salzgitter AG (ETR:SZG) in a research report released on Monday. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the company. DZ Bank AG reaffirmed a neutral rating on shares of Salzgitter AG in a report on Friday, July 28th. Morgan Stanley set a €39.10 ($46.00) price objective on Salzgitter AG and gave the stock a neutral rating in a report on Friday, August 18th. UBS AG set a €42.00 ($49.41) price objective on Salzgitter AG and gave the stock a neutral rating in a report on Friday, October 20th. Royal Bank Of Canada set a €40.00 ($47.06) price objective on Salzgitter AG and gave the stock a neutral rating in a report on Friday, November 3rd. Finally, Baader Bank set a €38.50 ($45.29) price objective on Salzgitter AG and gave the stock a neutral rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of €41.03 ($48.26).

Salzgitter AG (ETR:SZG) opened at €44.48 ($52.32) on Monday. Salzgitter AG has a twelve month low of €28.40 ($33.41) and a twelve month high of €45.06 ($53.01).

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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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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