Salzgitter (SZG) PT Set at €49.00 by Independent Research

Salzgitter (ETR:SZG) received a €49.00 ($58.33) price objective from analysts at Independent Research in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 4.23% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Kepler Capital Markets set a €50.00 ($59.52) price objective on Salzgitter and gave the company a “buy” rating in a research report on Thursday, February 8th. Nord/LB set a €62.00 ($73.81) price objective on Salzgitter and gave the company a “buy” rating in a research report on Wednesday, January 31st. Commerzbank set a €50.00 ($59.52) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Goldman Sachs set a €58.00 ($69.05) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Citigroup set a €50.00 ($59.52) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €44.03 ($52.41).

Shares of SZG stock opened at €47.01 ($55.96) on Friday. Salzgitter has a 1 year low of €29.74 ($35.40) and a 1 year high of €52.40 ($62.38).

About Salzgitter

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter (ETR:SZG)

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