Salzgitter AG (SZG) Given a €41.00 Price Target by Warburg Research Analysts
Salzgitter AG (ETR:SZG) received a €41.00 ($48.24) price objective from equities research analysts at Warburg Research in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Barclays PLC set a €29.00 ($34.12) price target on Salzgitter AG and gave the company a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC set a €34.00 ($40.00) price target on Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, April 20th. Royal Bank Of Canada set a €38.00 ($44.71) price target on Salzgitter AG and gave the company a “buy” rating in a research note on Monday, May 15th. Kepler Capital Markets set a €45.00 ($52.94) price objective on Salzgitter AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Finally, UBS AG set a €31.00 ($36.47) price objective on Salzgitter AG and gave the stock a “sell” rating in a research report on Tuesday, May 23rd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of €37.96 ($44.66).
Shares of Salzgitter AG (SZG) opened at 37.51 on Friday. Salzgitter AG has a 1-year low of €26.12 and a 1-year high of €39.49. The firm has a market cap of €2.03 billion and a P/E ratio of 20.01. The firm’s 50-day moving average is €37.17 and its 200-day moving average is €35.00.
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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.
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