Baader Bank Reiterates €38.50 Price Target for Salzgitter AG (ETR:SZG)
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.
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.
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