Salzgitter AG (ETR:SZG) has been given an average rating of “Hold” by the twenty research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is €44.44 ($54.87).

A number of analysts recently weighed in on the stock. Deutsche Bank set a €47.00 ($58.02) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Thursday. UBS set a €42.00 ($51.85) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Wednesday. Independent Research set a €45.00 ($55.56) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley set a €39.00 ($48.15) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Nord/LB set a €52.00 ($64.20) target price on shares of Salzgitter and gave the stock a “buy” rating in a research note on Monday.

Shares of Salzgitter (ETR:SZG) traded down €1.12 ($1.38) during trading hours on Friday, reaching €42.10 ($51.98). 291,118 shares of the company were exchanged, compared to its average volume of 273,405. The firm has a market cap of $2,540.00 and a PE ratio of 16.51. Salzgitter has a 12-month low of €29.74 ($36.72) and a 12-month high of €52.40 ($64.69).

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About Salzgitter

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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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