Salzgitter AG’s (SZG) “Neutral” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their neutral rating on shares of Salzgitter AG (ETR:SZG) in a research note issued to investors on Friday morning.

A number of other equities analysts have also recently weighed in on the company. Bank of America Corporation set a €39.00 ($46.43) price target on Salzgitter AG and gave the stock a buy rating in a report on Tuesday, June 6th. Berenberg Bank set a €45.00 ($53.57) price target on Salzgitter AG and gave the stock a buy rating in a report on Thursday, July 6th. Kepler Capital Markets set a €45.00 ($53.57) target price on Salzgitter AG and gave the company a buy rating in a report on Monday, May 29th. DZ Bank AG restated a neutral rating on shares of Salzgitter AG in a report on Wednesday, July 5th. Finally, Nord/LB set a €43.00 ($51.19) target price on Salzgitter AG and gave the company a buy rating in a report on Friday, June 30th. 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 stock. The company currently has a consensus rating of Hold and a consensus price target of €38.24 ($45.53).

Shares of Salzgitter AG (ETR SZG) traded down 0.583% during mid-day trading on Friday, hitting €37.882. 120 shares of the stock were exchanged. Salzgitter AG has a 12 month low of €26.12 and a 12 month high of €39.49. The company has a 50-day moving average price of €37.66 and a 200-day moving average price of €35.12. The stock has a market cap of €2.05 billion and a price-to-earnings ratio of 19.938.

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Salzgitter AG Company Profile

Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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