Salzgitter (ETR:SZG) received a €47.00 ($54.65) target price from research analysts at Goldman Sachs Group in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 23.00% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank set a €53.00 ($61.63) price target on shares of Salzgitter and gave the company a “buy” rating in a research note on Monday, August 20th. Independent Research set a €43.00 ($50.00) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Thursday, September 20th. Baader Bank set a €38.50 ($44.77) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Monday, August 13th. Nord/LB set a €48.00 ($55.81) price target on shares of Salzgitter and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Commerzbank set a €54.00 ($62.79) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Thursday, September 20th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €42.23 ($49.10).

Salzgitter stock traded down €2.43 ($2.83) during mid-day trading on Friday, reaching €38.21 ($44.43). 305,649 shares of the company’s stock traded hands, compared to its average volume of 273,405. Salzgitter has a 12-month low of €29.74 ($34.58) and a 12-month high of €52.40 ($60.93).

About Salzgitter

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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