Salzgitter AG (ETR:SZG) has been assigned a €39.00 ($45.88) price objective by stock analysts at Royal Bank Of Canada in a report issued on Monday, July 24th. The brokerage presently has a “neutral” rating on the stock.
Other equities analysts have also recently issued reports about the stock. Berenberg Bank set a €42.00 ($49.41) price objective on shares of Salzgitter AG and gave the stock a “buy” rating in a research report on Thursday, March 30th. DZ Bank AG reiterated a “buy” rating on shares of Salzgitter AG in a research report on Wednesday, March 29th. Nord/LB set a €43.00 ($50.59) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, March 29th. Jefferies Group LLC set a €42.00 ($49.41) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, March 29th. Finally, Goldman Sachs Group, Inc. (The) set a €45.00 ($52.94) target price on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Wednesday, March 29th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Salzgitter AG presently has a consensus rating of “Hold” and a consensus target price of €38.24 ($44.99).
Salzgitter AG (SZG) traded up 0.09% during trading on Monday, reaching €36.63. 651 shares of the company traded hands. The company has a market capitalization of €1.98 billion and a P/E ratio of 19.28. Salzgitter AG has a 52 week low of €26.12 and a 52 week high of €39.49. The firm has a 50-day moving average price of €37.53 and a 200-day moving average price of €35.05.
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Salzgitter AG 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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