Salzgitter AG (SZG) Given a €48.00 Price Target at Berenberg Bank

Berenberg Bank set a €48.00 ($56.47) price objective on Salzgitter AG (ETR:SZG) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on SZG. Independent Research GmbH set a €35.00 ($41.18) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research report on Wednesday, May 3rd. Deutsche Bank AG set a €42.00 ($49.41) target price on shares of Salzgitter AG and gave the stock a buy rating in a research report on Wednesday, May 3rd. Morgan Stanley set a €37.40 ($44.00) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research report on Wednesday, May 3rd. J P Morgan Chase & Co set a €38.50 ($45.29) target price on shares of Salzgitter AG and gave the stock a neutral rating in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) target price on shares of Salzgitter AG and gave the stock a buy rating in a research report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €38.24 ($44.99).

Salzgitter AG (ETR:SZG) opened at 38.486 on Thursday. The stock has a market cap of €2.08 billion and a P/E ratio of 20.526. The stock has a 50 day moving average of €37.36 and a 200-day moving average of €35.02. Salzgitter AG has a 52 week low of €26.12 and a 52 week high of €39.49.

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Salzgitter AG Company Profile

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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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