Salzgitter AG (ETR:SZG) Given a €39.00 Price Target at Independent Research GmbH

Independent Research GmbH set a €39.00 ($45.88) target price on Salzgitter AG (ETR:SZG) in a report released on Tuesday, August 1st. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on SZG. J P Morgan Chase & Co set a €38.50 ($45.29) target price on Salzgitter AG and gave the company a neutral rating in a research report on Monday, April 3rd. Kepler Capital Markets set a €45.00 ($52.94) target price on Salzgitter AG and gave the company a buy rating in a research report on Tuesday, April 4th. Berenberg Bank set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a buy rating in a research report on Wednesday, April 5th. Deutsche Bank AG set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a buy rating in a research report on Wednesday, April 5th. Finally, Royal Bank Of Canada set a €38.00 ($44.71) price target on Salzgitter AG and gave the stock a buy rating in a research report on Wednesday, April 12th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Salzgitter AG presently has a consensus rating of Hold and a consensus target price of €38.24 ($44.99).

Salzgitter AG (ETR SZG) opened at 36.63 on Tuesday. Salzgitter AG has a 12-month low of €26.12 and a 12-month high of €39.49. The company has a 50-day moving average price of €37.53 and a 200-day moving average price of €35.05. The firm has a market cap of €1.98 billion and a P/E ratio of 19.28.

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Salzgitter AG 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.

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