Salzgitter AG (ETR:SZG) received a €35.00 ($41.67) price target from equities researchers at Morgan Stanley in a research note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the company. Berenberg Bank set a €42.00 ($50.00) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada set a €39.00 ($46.43) price objective on Salzgitter AG and gave the stock a “neutral” rating in a research note on Monday, July 24th. Deutsche Bank AG set a €44.00 ($52.38) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Friday, August 11th. Commerzbank Ag set a €22.00 ($26.19) price objective on Salzgitter AG and gave the stock a “sell” rating in a research note on Monday, May 29th. Finally, Baader Bank set a €38.50 ($45.83) price objective on Salzgitter AG and gave the stock a “neutral” rating in a research note on Friday, July 28th. 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. The company has a consensus rating of “Hold” and a consensus price target of €38.05 ($45.29).
Salzgitter AG (ETR:SZG) opened at 37.401 on Tuesday. The company’s 50-day moving average price is €37.64 and its 200 day moving average price is €35.16. The company has a market capitalization of €2.02 billion and a price-to-earnings ratio of 19.685. Salzgitter AG has a 52-week low of €26.12 and a 52-week high of €39.49.
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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.
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