Several other analysts have also issued reports on SZG. Deutsche Bank restated a buy rating on shares of Salzgitter in a research report on Friday, July 20th. Goldman Sachs Group set a €52.00 ($60.47) target price on shares of Salzgitter and gave the company a buy rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. set a €37.50 ($43.60) target price on shares of Salzgitter and gave the company a sell rating in a research report on Monday, August 13th. Citigroup restated a neutral rating on shares of Salzgitter in a research report on Thursday, July 12th. Finally, Independent Research set a €43.00 ($50.00) target price on shares of Salzgitter and gave the company a neutral rating in a research report on Tuesday, August 14th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of €42.38 ($49.27).
ETR SZG traded down €1.73 ($2.01) during trading hours on Friday, hitting €34.30 ($39.88). 302,974 shares of the company’s stock traded hands, compared to its average volume of 273,405. Salzgitter has a 52 week low of €29.74 ($34.58) and a 52 week high of €52.40 ($60.93).
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.
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