Commerzbank Reiterates €54.00 Price Target for Salzgitter (SZG)
SZG has been the topic of several other reports. Citigroup reiterated a neutral rating on shares of Salzgitter in a research report on Thursday, July 12th. Jefferies Financial Group set a €43.00 ($50.00) price target on Salzgitter and gave the company a neutral rating in a research report on Tuesday, July 10th. Independent Research set a €42.00 ($48.84) price target on Salzgitter and gave the company a neutral rating in a research report on Tuesday, September 11th. Kepler Capital Markets set a €50.00 ($58.14) price target on Salzgitter and gave the company a neutral rating in a research report on Friday, July 6th. Finally, Deutsche Bank set a €53.00 ($61.63) price objective on Salzgitter and gave the stock a buy rating in a report on Tuesday, August 14th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €42.19 ($49.06).
Shares of SZG opened at €42.17 ($49.03) on Thursday. Salzgitter has a twelve month low of €29.74 ($34.58) and a twelve month high of €52.40 ($60.93).
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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