Salzgitter AG (ETR:SZG)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a report issued on Thursday.
A number of other research firms have also weighed in on SZG. Warburg Research set a €27.00 ($29.03) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, November 4th. Baader Bank set a €26.00 ($27.96) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, November 4th. Commerzbank Ag set a €22.00 ($23.66) target price on shares of Salzgitter AG and gave the stock a “sell” rating in a research note on Friday, November 4th. Morgan Stanley set a €30.50 ($32.80) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Friday, November 4th. Finally, J P Morgan Chase & Co set a €31.00 ($33.33) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Friday, November 4th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Salzgitter AG currently has a consensus rating of “Hold” and a consensus price target of €33.45 ($35.97).
Salzgitter AG (ETR:SZG) opened at 36.568 on Thursday. The company’s market capitalization is €1.98 billion. The stock’s 50 day moving average is €35.15 and its 200-day moving average is €30.98. Salzgitter AG has a 1-year low of €19.07 and a 1-year high of €37.85.
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About Salzgitter AG
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.
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