Salzgitter (SZG) Given a €49.00 Price Target at Independent Research
Salzgitter (ETR:SZG) has been assigned a €49.00 ($58.33) price target by analysts at Independent Research in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential upside of 4.12% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Kepler Capital Markets set a €50.00 ($59.52) price objective on shares of Salzgitter and gave the company a “buy” rating in a research report on Thursday, February 8th. Nord/LB set a €62.00 ($73.81) price objective on shares of Salzgitter and gave the company a “buy” rating in a research report on Wednesday, January 31st. Commerzbank set a €50.00 ($59.52) price objective on shares of Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Goldman Sachs set a €58.00 ($69.05) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, Citigroup set a €50.00 ($59.52) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €44.03 ($52.41).
Salzgitter stock opened at €47.02 ($55.98) on Friday. Salzgitter has a 12-month low of €29.74 ($35.40) and a 12-month high of €52.40 ($62.38).
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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