Berenberg Bank set a €48.00 ($56.47) price objective on Salzgitter AG (ETR:SZG) in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Jefferies Group LLC set a €34.00 ($40.00) target price on shares of Salzgitter AG and gave the stock a neutral rating in a report on Thursday, April 20th. Barclays PLC set a €29.00 ($34.12) target price on shares of Salzgitter AG and gave the stock a sell rating in a report on Tuesday, April 18th. Royal Bank Of Canada set a €38.00 ($44.71) target price on shares of Salzgitter AG and gave the stock a buy rating in a report on Monday, May 15th. Kepler Capital Markets set a €45.00 ($52.94) target price on shares of Salzgitter AG and gave the stock a buy rating in a report on Saturday, May 20th. Finally, UBS AG set a €31.00 ($36.47) target price on shares of Salzgitter AG and gave the stock a sell rating in a report on Tuesday, May 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Salzgitter AG presently has a consensus rating of Hold and an average target price of €37.37 ($43.96).

Salzgitter AG (SZG) opened at 37.782 on Friday. Salzgitter AG has a 52 week low of €26.12 and a 52 week high of €39.49. The stock has a market capitalization of €2.04 billion and a PE ratio of 20.150. The stock’s 50 day moving average is €36.33 and its 200-day moving average is €34.85.

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About Salzgitter AG

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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