Salzgitter AG (ETR:SZG) has earned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is €44.75 ($55.25).
SZG has been the subject of a number of research analyst reports. Kepler Capital Markets set a €50.00 ($61.73) target price on Salzgitter and gave the company a “buy” rating in a research note on Thursday, November 9th. Deutsche Bank set a €45.00 ($55.56) target price on Salzgitter and gave the company a “buy” rating in a research note on Tuesday, November 7th. Nord/LB set a €47.00 ($58.02) target price on Salzgitter and gave the company a “buy” rating in a research note on Wednesday, October 25th. Baader Bank set a €38.50 ($47.53) target price on Salzgitter and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Goldman Sachs Group set a €44.00 ($54.32) target price on Salzgitter and gave the company a “neutral” rating in a research note on Thursday, November 9th.
Salzgitter (ETR SZG) traded down €0.43 ($0.53) during trading hours on Tuesday, reaching €46.30 ($57.16). The company’s stock had a trading volume of 173,995 shares, compared to its average volume of 287,609. Salzgitter has a 1 year low of €29.74 ($36.72) and a 1 year high of €52.40 ($64.69). The firm has a market capitalization of $2,790.00 and a PE ratio of 18.16.
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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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