Salzgitter AG (ETR:SZG) has been assigned a €39.00 ($45.88) target price by Royal Bank Of Canada in a report released on Tuesday. The firm presently has a “neutral” rating on the stock.

A number of other research firms have also recently weighed in on SZG. Baader Bank set a €38.50 ($45.29) price target on Salzgitter AG and gave the company a “neutral” rating in a research note on Wednesday, May 3rd. Berenberg Bank set a €42.00 ($49.41) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Independent Research GmbH set a €35.00 ($41.18) price objective on Salzgitter AG and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Deutsche Bank AG set a €42.00 ($49.41) price objective on Salzgitter AG and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Finally, Morgan Stanley set a €37.40 ($44.00) price objective on Salzgitter AG and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of €38.24 ($44.99).

Salzgitter AG (SZG) opened at 38.705 on Tuesday. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The stock has a market capitalization of €2.09 billion and a P/E ratio of 20.643. The stock has a 50 day moving average price of €37.44 and a 200-day moving average price of €35.02.

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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)

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