Shares of Salzgitter AG (ETR:SZG) have been given a consensus rating of “Hold” by the twenty-one research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is €41.18 ($49.03).

A number of analysts have recently commented on SZG shares. Deutsche Bank set a €44.00 ($52.38) price target on Salzgitter and gave the company a “buy” rating in a research note on Monday, October 16th. Nord/LB set a €47.00 ($55.95) price objective on Salzgitter and gave the company a “buy” rating in a research report on Wednesday, October 25th. Kepler Capital Markets set a €50.00 ($59.52) price objective on Salzgitter and gave the company a “buy” rating in a research report on Thursday, November 9th. Warburg Research set a €41.00 ($48.81) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Goldman Sachs Group set a €44.00 ($52.38) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, October 25th.

Shares of Salzgitter (ETR SZG) traded up €0.93 ($1.11) during midday trading on Thursday, reaching €44.97 ($53.53). The company’s stock had a trading volume of 171,811 shares, compared to its average volume of 234,340. Salzgitter has a 52-week low of €29.74 ($35.40) and a 52-week high of €45.06 ($53.64).

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Salzgitter 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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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