Analysts Set Salzgitter AG (ETR:SZG) Price Target at $37.55

Shares of Salzgitter AG (ETR:SZG) have been assigned an average recommendation of “Hold” from the twenty-three research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is €37.55 ($44.18).

Several brokerages have recently weighed in on SZG. Royal Bank Of Canada set a €38.00 ($44.71) price target on Salzgitter AG and gave the stock a “buy” rating in a report on Tuesday, April 18th. Deutsche Bank AG set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a “buy” rating in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) price target on Salzgitter AG and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Berenberg Bank set a €42.00 ($49.41) price target on Salzgitter AG and gave the stock a “buy” rating in a report on Thursday, April 20th. Finally, Kepler Capital Markets set a €45.00 ($52.94) price target on Salzgitter AG and gave the stock a “buy” rating in a report on Wednesday, May 3rd.

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Salzgitter AG (ETR:SZG) traded down 0.543% during trading on Friday, reaching €38.644. The company had a trading volume of 625 shares. The firm’s 50 day moving average is €37.03 and its 200 day moving average is €34.98. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The company has a market capitalization of €2.09 billion and a PE ratio of 20.610.

Salzgitter AG Company Profile

Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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