Salzgitter AG (SZG) Given a €35.00 Price Target by Morgan Stanley Analysts
Salzgitter AG (ETR:SZG) received a €35.00 ($40.70) target price from equities research analysts at Morgan Stanley in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 15.33% from the stock’s previous close.
A number of other equities analysts have also issued reports on the stock. DZ Bank AG reiterated a “neutral” rating on shares of Salzgitter AG in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) set a €41.00 ($47.67) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. UBS AG set a €42.00 ($48.84) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, October 20th. Baader Bank set a €38.50 ($44.77) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, July 28th. Finally, Citigroup Inc. set a €40.00 ($46.51) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of €39.67 ($46.12).
Salzgitter AG (SZG) opened at €41.34 ($48.06) on Thursday. Salzgitter AG has a 12-month low of €27.14 ($31.56) and a 12-month high of €44.28 ($51.49).
Salzgitter AG Company Profile
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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