Deutsche Bank set a €47.00 ($55.95) price target on Salzgitter (ETR:SZG) in a report issued on Friday. The firm currently has a neutral rating on the stock.
A number of other analysts also recently commented on SZG. Morgan Stanley set a €35.00 ($41.67) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, October 25th. Jefferies Group set a €42.00 ($50.00) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, October 25th. Warburg Research set a €41.00 ($48.81) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, October 25th. DZ Bank reissued a neutral rating on shares of Salzgitter in a research note on Tuesday, November 14th. Finally, Kepler Capital Markets set a €50.00 ($59.52) price objective on Salzgitter and gave the stock a buy rating in a research note on Monday, December 18th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Salzgitter currently has an average rating of Hold and a consensus target price of €41.18 ($49.02).
Salzgitter (SZG) opened at €50.64 ($60.29) on Friday. Salzgitter has a 12-month low of €29.74 ($35.40) and a 12-month high of €52.40 ($62.38). The stock has a market capitalization of $3,040.00 and a price-to-earnings ratio of 19.86.
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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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