UBS set a €43.00 ($51.19) price target on Salzgitter (ETR:SZG) in a research note released on Friday, November 17th, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
Several other equities analysts have also weighed in on SZG. Commerzbank set a €38.00 ($45.24) price objective on shares of Salzgitter and gave the company a neutral rating in a research report on Thursday, August 10th. S&P Global set a €40.00 ($47.62) price target on shares of Salzgitter and gave the stock a neutral rating in a research report on Friday, August 11th. Royal Bank Of Canada set a €39.00 ($46.43) price target on shares of Salzgitter and gave the stock a neutral rating in a research report on Tuesday, August 15th. Berenberg Bank set a €48.00 ($57.14) target price on shares of Salzgitter and gave the company a buy rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group set a €41.00 ($48.81) target price on shares of Salzgitter and gave the company a neutral rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of €41.13 ($48.96).
Shares of Salzgitter (ETR:SZG) traded down €1.22 ($1.45) during trading hours on Friday, hitting €42.53 ($50.63). 252,483 shares of the company were exchanged, 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 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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