Salzgitter AG (ETR:SZG) has been assigned a €40.00 ($45.98) target price by investment analysts at Citigroup Inc. in a research note issued on Friday. The brokerage currently has a “neutral” rating on the stock.
Several other equities analysts have also issued reports on SZG. UBS AG set a €31.00 ($35.63) target price on shares of Salzgitter AG and gave the company a “sell” rating in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) set a €37.00 ($42.53) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Thursday, April 20th. J P Morgan Chase & Co set a €38.50 ($44.25) target price on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Monday, April 3rd. Berenberg Bank set a €42.00 ($48.28) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Wednesday, May 3rd. Finally, Kepler Capital Markets set a €45.00 ($51.72) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €36.35 ($41.78).
Shares of Salzgitter AG (ETR SZG) opened at 38.572 on Friday. The firm has a market capitalization of €2.08 billion and a price-to-earnings ratio of 20.572. The company has a 50-day moving average price of €34.08 and a 200 day moving average price of €34.28. Salzgitter AG has a 12-month low of €22.67 and a 12-month high of €38.59.
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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