Salzgitter (SZG) Given a €38.50 Price Target at Baader Bank

Baader Bank set a €38.50 ($44.77) price target on Salzgitter (ETR:SZG) in a research report sent to investors on Friday. The firm currently has a neutral rating on the stock.

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 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.

Recommended Story: Understanding Stock Ratings

Analyst Recommendations for Salzgitter (ETR:SZG)

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit