Salzgitter AG (ETR:SZG) has earned a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is €41.14 ($48.97).

SZG has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Salzgitter in a research note on Thursday, November 9th. UBS Group set a €42.00 ($50.00) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Friday, October 20th. Royal Bank of Canada set a €40.00 ($47.62) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Goldman Sachs Group set a €44.00 ($52.38) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group set a €42.00 ($50.00) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Wednesday, November 15th.

Shares of Salzgitter (ETR:SZG) traded down €0.40 ($0.48) during midday trading on Monday, reaching €48.47 ($57.70). The company’s stock had a trading volume of 266,160 shares, compared to its average volume of 185,691. Salzgitter has a 1 year low of €29.74 ($35.40) and a 1 year high of €48.69 ($57.96). The stock has a market capitalization of $2,910.00 and a P/E ratio of 19.01.

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About Salzgitter

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 (ETR:SZG)

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