Bank of America Reiterates Sell Rating for Salzgitter (SZG)

Salzgitter (ETR:SZG)‘s stock had its “sell” rating restated by analysts at Bank of America in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently commented on SZG. Deutsche Bank set a €47.00 ($58.02) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Friday, January 12th. Goldman Sachs Group set a €58.00 ($71.60) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. set a €42.00 ($51.85) price objective on Salzgitter and gave the company a “sell” rating in a research note on Thursday, January 25th. Citigroup set a €50.00 ($61.73) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, Independent Research set a €50.00 ($61.73) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €44.18 ($54.54).

Salzgitter (SZG) opened at €46.24 ($57.09) on Tuesday. Salzgitter has a 12-month low of €29.74 ($36.72) and a 12-month high of €52.40 ($64.69). The company has a market capitalization of $2,780.00 and a price-to-earnings ratio of 18.13.

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About Salzgitter

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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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