Salzgitter (SZG) Given a €31.00 Price Target by Macquarie Analysts
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank set a €53.00 ($61.63) target price on Salzgitter and gave the company a buy rating in a report on Monday, August 20th. Independent Research set a €43.00 ($50.00) target price on Salzgitter and gave the company a neutral rating in a report on Thursday, September 20th. Goldman Sachs Group set a €47.00 ($54.65) target price on Salzgitter and gave the company a neutral rating in a report on Friday, October 19th. Baader Bank set a €38.50 ($44.77) target price on Salzgitter and gave the company a neutral rating in a report on Monday, August 13th. Finally, Nord/LB set a €48.00 ($55.81) target price on Salzgitter and gave the company a buy rating in a report on Tuesday, August 14th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Salzgitter currently has an average rating of Hold and a consensus target price of €40.25 ($46.80).
Shares of SZG stock opened at €27.42 ($31.88) on Wednesday. Salzgitter has a fifty-two week low of €29.74 ($34.58) and a fifty-two week high of €52.40 ($60.93).
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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