Salzgitter AG (ETR:SZG) has been assigned a €39.00 ($45.88) price objective by equities researchers at Jefferies Group LLC in a research note issued on Friday. The firm presently has a “neutral” rating on the stock.
A number of other equities analysts have also issued reports on the company. Bank of America Corporation set a €39.00 ($45.88) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Commerzbank Ag set a €22.00 ($25.88) target price on Salzgitter AG and gave the stock a “sell” rating in a research note on Friday, April 28th. Berenberg Bank set a €45.00 ($52.94) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, July 6th. Nord/LB set a €43.00 ($50.59) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Warburg Research set a €34.00 ($40.00) target price on Salzgitter AG and gave the stock a “neutral” rating in a research note on Tuesday, May 16th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €38.24 ($44.99).
Shares of Salzgitter AG (SZG) opened at 38.486 on Friday. The company has a market cap of €2.08 billion and a price-to-earnings ratio of 20.526. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The company has a 50 day moving average price of €37.36 and a 200 day moving average price of €35.02.
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.
Receive News & Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related companies with MarketBeat.com's FREE daily email newsletter.