Independent Research Reiterates €50.00 Price Target for Salzgitter (SZG)

Independent Research set a €50.00 ($61.73) price objective on Salzgitter (ETR:SZG) in a report issued on Wednesday morning. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on SZG. Nord/LB set a €62.00 ($76.54) target price on Salzgitter and gave the stock a buy rating in a report on Wednesday. JPMorgan Chase & Co. set a €42.00 ($51.85) target price on Salzgitter and gave the stock a sell rating in a report on Wednesday. Citigroup set a €50.00 ($61.73) target price on Salzgitter and gave the stock a neutral rating in a report on Friday, January 26th. Commerzbank set a €50.00 ($61.73) target price on Salzgitter and gave the stock a neutral rating in a report on Tuesday, January 30th. Finally, Warburg Research set a €42.00 ($51.85) target price on Salzgitter and gave the stock a neutral rating in a report on Tuesday, December 5th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of €43.88 ($54.17).

Shares of Salzgitter (SZG) opened at €46.75 ($57.72) on Wednesday. Salzgitter has a twelve month low of €29.74 ($36.72) and a twelve month high of €52.40 ($64.69). The company has a market capitalization of $2,810.00 and a PE ratio of 18.33.

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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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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