Salzgitter (ETR:SZG)‘s stock had its “neutral” rating reiterated by investment analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday, November 15th. They currently have a price target on the stock.
SZG has been the subject of a number of other research reports. Nord/LB set a €47.00 ($55.95) target price on shares of Salzgitter and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Baader Bank set a €38.50 ($45.83) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Deutsche Bank set a €45.00 ($53.57) target price on shares of Salzgitter and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Jefferies Group set a €39.00 ($46.43) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group set a €41.00 ($48.81) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Salzgitter has an average rating of “Hold” and a consensus target price of €41.08 ($48.90).
Shares of Salzgitter (SZG) traded up €1.00 ($1.19) during midday trading on Wednesday, reaching €43.74 ($52.07). The company’s stock had a trading volume of 200,449 shares, compared to its average volume of 251,661. Salzgitter has a 52-week low of €29.74 ($35.40) and a 52-week high of €45.06 ($53.64).
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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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