Salzgitter AG (SZG) Given Consensus Recommendation of “Hold” by Brokerages

Salzgitter AG (ETR:SZG) has been given an average recommendation of “Hold” by the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is €41.18 ($49.03).

SZG has been the topic of several recent research reports. Deutsche Bank set a €44.00 ($52.38) target price on shares of Salzgitter and gave the stock a “buy” rating in a research report on Friday, August 11th. Nord/LB set a €47.00 ($55.95) target price on shares of Salzgitter and gave the stock a “buy” rating in a research report on Friday, August 11th. Berenberg Bank set a €48.00 ($57.14) target price on shares of Salzgitter and gave the stock a “buy” rating in a research report on Thursday, August 10th. Kepler Capital Markets set a €50.00 ($59.52) target price on shares of Salzgitter and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Citigroup set a €40.00 ($47.62) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Monday, August 14th.

Salzgitter (SZG) traded down €0.05 ($0.06) during trading hours on Thursday, reaching €42.38 ($50.45). 149,099 shares of the company traded hands, compared to its average volume of 251,661. Salzgitter has a twelve month low of €29.74 ($35.40) and a twelve month 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.

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