Goldman Sachs Reiterates €49.50 Price Target for Salzgitter (SZG)

Goldman Sachs set a €49.50 ($58.93) price target on Salzgitter (ETR:SZG) in a research note issued to investors on Tuesday. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently commented on SZG. JPMorgan Chase set a €42.00 ($50.00) price target on shares of Salzgitter and gave the stock a sell rating in a research note on Thursday, January 25th. Citigroup set a €50.00 ($59.52) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Friday, January 26th. Deutsche Bank set a €47.00 ($55.95) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 31st. Independent Research set a €50.00 ($59.52) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley set a €38.00 ($45.24) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. Salzgitter currently has an average rating of Hold and a consensus target price of €43.97 ($52.35).

Shares of Salzgitter stock opened at €46.82 ($55.74) on Tuesday. Salzgitter has a fifty-two week low of €29.74 ($35.40) and a fifty-two week high of €52.40 ($62.38).

Salzgitter Company Profile

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter (ETR:SZG)

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