Salzgitter (ETR:SZG) received a €53.00 ($61.63) price objective from Deutsche Bank in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 32.63% from the stock’s previous close.

SZG has been the subject of several other reports. JPMorgan Chase & Co. set a €37.50 ($43.60) target price on Salzgitter and gave the stock a “sell” rating in a research report on Monday, August 13th. Baader Bank set a €38.50 ($44.77) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, September 19th. Jefferies Financial Group set a €43.00 ($50.00) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Monday, July 16th. Kepler Capital Markets set a €47.00 ($54.65) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Thursday, August 23rd. Finally, Cfra set a €40.00 ($46.51) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of €42.19 ($49.06).

Salzgitter stock opened at €39.96 ($46.47) on Thursday. Salzgitter has a 52 week low of €29.74 ($34.58) and a 52 week high of €52.40 ($60.93).

Salzgitter Company Profile

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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