Morgan Stanley Analysts Give Salzgitter (SZG) a €39.00 Price Target
A number of other brokerages have also recently issued reports on SZG. Kepler Capital Markets set a €50.00 ($61.73) target price on shares of Salzgitter and gave the stock a buy rating in a research report on Monday, December 18th. Jefferies Group restated a neutral rating on shares of Salzgitter in a research report on Friday, December 15th. JPMorgan Chase & Co. set a €42.00 ($51.85) target price on shares of Salzgitter and gave the stock a sell rating in a research report on Wednesday, January 31st. Warburg Research set a €42.00 ($51.85) target price on shares of Salzgitter and gave the stock a neutral rating in a research report on Tuesday, December 5th. Finally, Deutsche Bank set a €47.00 ($58.02) target price on shares of Salzgitter and gave the stock a neutral rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of €43.87 ($54.16).
Salzgitter (ETR SZG) opened at €42.10 ($51.98) on Tuesday. The company has a market capitalization of $2,540.00 and a PE ratio of 16.51. Salzgitter has a 52-week low of €29.74 ($36.72) and a 52-week high of €52.40 ($64.69).
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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