Salzgitter AG (ETR:SZG) PT Set at €38.00 by Commerzbank Ag

Salzgitter AG (ETR:SZG) has been given a €38.00 ($44.71) price target by investment analysts at Commerzbank Ag in a report issued on Thursday. The brokerage presently has a “neutral” rating on the stock.

Several other research analysts also recently commented on SZG. Royal Bank Of Canada set a €38.00 ($44.71) price target on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Barclays PLC set a €29.00 ($34.12) price target on shares of Salzgitter AG and gave the stock a “sell” rating in a research note on Tuesday, April 18th. Deutsche Bank AG set a €42.00 ($49.41) price target on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Jefferies Group LLC set a €34.00 ($40.00) price target on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) price target on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, April 20th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €38.24 ($44.99).

Salzgitter AG (ETR SZG) opened at 38.486 on Thursday. Salzgitter AG has a 12 month low of €26.12 and a 12 month high of €39.49. The company’s 50 day moving average is €37.36 and its 200 day moving average is €35.02. The stock has a market cap of €2.08 billion and a PE ratio of 20.526.

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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.

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