Salzgitter AG (SZG) Given a €29.00 Price Target by Barclays PLC Analysts

Salzgitter AG (ETR:SZG) has been assigned a €29.00 ($34.52) price target by Barclays PLC in a research report issued on Monday. The firm currently has a “sell” rating on the stock.

A number of other equities research analysts have also recently commented on SZG. UBS AG set a €31.00 ($36.90) target price on Salzgitter AG and gave the stock a “sell” rating in a research note on Tuesday, May 23rd. Morgan Stanley set a €39.10 ($46.55) target price on Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, May 24th. Royal Bank Of Canada set a €38.00 ($45.24) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, May 25th. S&P Global set a €35.00 ($41.67) target price on Salzgitter AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. Finally, Nord/LB set a €43.00 ($51.19) target price on Salzgitter AG and gave the stock a “buy” rating in a research note on Monday, May 29th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €38.24 ($45.53).

Shares of Salzgitter AG (ETR SZG) opened at 37.924 on Monday. The company has a 50-day moving average of €37.66 and a 200 day moving average of €35.12. Salzgitter AG has a 52-week low of €26.12 and a 52-week high of €39.49. The firm has a market cap of €2.05 billion and a P/E ratio of 19.960.

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About Salzgitter AG

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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