Jefferies Group Comments on Salzgitter Ag’s FY2019 Earnings (SZGPY)

Salzgitter Ag (OTCMKTS:SZGPY) – Jefferies Group issued their FY2019 EPS estimates for Salzgitter in a research note issued on Tuesday. Jefferies Group analyst S. Rosenfeld forecasts that the basic materials company will post earnings per share of $0.50 for the year.

Separately, Zacks Investment Research upgraded shares of Salzgitter from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Thursday.

Shares of Salzgitter (OTCMKTS SZGPY) traded up $0.28 on Wednesday, reaching $6.12. 300 shares of the company’s stock were exchanged, compared to its average volume of 186. Salzgitter has a 1 year low of $3.59 and a 1 year high of $6.12.

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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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