Shares of Salzgitter AG (ETR:SZG) have been assigned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is €44.74 ($55.23).
A number of research firms recently weighed in on SZG. Deutsche Bank set a €47.00 ($58.02) price target on Salzgitter and gave the stock a “neutral” rating in a report on Friday, January 12th. Goldman Sachs set a €58.00 ($71.60) price target on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. set a €42.00 ($51.85) price target on Salzgitter and gave the stock a “sell” rating in a report on Thursday, January 25th. Citigroup set a €50.00 ($61.73) price target on Salzgitter and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, Independent Research set a €50.00 ($61.73) price target on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, January 31st.
Salzgitter (SZG) traded down €0.40 ($0.49) on Friday, hitting €41.87 ($51.69). The company had a trading volume of 247,806 shares, compared to its average volume of 273,405. The firm has a market cap of $2,540.00 and a PE ratio of 16.42. Salzgitter has a 1-year low of €29.74 ($36.72) and a 1-year high of €52.40 ($64.69).
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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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