Salzgitter AG (SZG) Given a €35.00 Price Target by S&P Global Analysts

S&P Global set a €35.00 ($39.33) target price on Salzgitter AG (ETR:SZG) in a research note released on Monday morning. The brokerage currently has a neutral rating on the stock.

SZG has been the topic of several other reports. JPMorgan Chase & Co. set a €36.50 ($41.01) price objective on shares of Salzgitter AG and gave the company a neutral rating in a research report on Wednesday, March 1st. Baader Bank set a €38.50 ($43.26) price objective on shares of Salzgitter AG and gave the company a neutral rating in a research report on Wednesday, May 3rd. Berenberg Bank set a €42.00 ($47.19) price objective on shares of Salzgitter AG and gave the company a buy rating in a research report on Wednesday, April 5th. Nord/LB set a €43.00 ($48.31) price objective on shares of Salzgitter AG and gave the company a buy rating in a research report on Monday, May 15th. Finally, Goldman Sachs Group Inc set a €45.00 ($50.56) price objective on shares of Salzgitter AG and gave the company a buy rating in a research report on Wednesday, March 1st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of €35.62 ($40.03).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Salzgitter AG (SZG) opened at 33.867 on Monday. The stock has a 50 day moving average of €32.56 and a 200 day moving average of €33.80. Salzgitter AG has a 12-month low of €22.67 and a 12-month high of €38.04. The company has a market cap of €1.83 billion and a PE ratio of 18.062.

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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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