Baader Bank set a €38.50 ($45.29) price objective on Salzgitter AG (ETR:SZG) in a research note published on Friday morning. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently commented on SZG. UBS AG set a €31.00 ($36.47) target price on shares of Salzgitter AG and gave the stock a sell rating in a report on Tuesday, May 23rd. Royal Bank Of Canada set a €39.00 ($45.88) price target on shares of Salzgitter AG and gave the company a neutral rating in a report on Monday, July 24th. J P Morgan Chase & Co set a €40.50 ($47.65) price target on shares of Salzgitter AG and gave the company a neutral rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) price target on shares of Salzgitter AG and gave the company a buy rating in a report on Thursday, April 20th. Finally, Berenberg Bank set a €48.00 ($56.47) price target on shares of Salzgitter AG and gave the company a buy rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Salzgitter AG presently has a consensus rating of Hold and an average price target of €37.37 ($43.96).

Salzgitter AG (SZG) opened at 37.782 on Friday. The stock has a market capitalization of €2.04 billion and a PE ratio of 20.150. The stock’s 50 day moving average is €36.33 and its 200-day moving average is €34.85. Salzgitter AG has a 52 week low of €26.12 and a 52 week high of €39.49.

WARNING: “Baader Bank Reiterates €38.50 Price Target for Salzgitter AG (ETR:SZG)” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/baader-bank-reiterates-38-50-price-target-for-salzgitter-ag-etrszg/1464724.html.

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)

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 Analyst Ratings Network's FREE daily email newsletter.