Salzgitter (ETR:SZG) received a €47.00 ($54.65) price objective from equities research analysts at Kepler Capital Markets in a report issued on Thursday, September 20th. The firm presently has a “neutral” rating on the stock. Kepler Capital Markets’ target price points to a potential upside of 18.84% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Commerzbank set a €54.00 ($62.79) price target on shares of Salzgitter and gave the company a “neutral” rating in a report on Thursday, September 20th. Goldman Sachs Group set a €52.00 ($60.47) price target on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Nord/LB set a €48.00 ($55.81) price target on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Baader Bank set a €38.50 ($44.77) price target on shares of Salzgitter and gave the company a “neutral” rating in a report on Wednesday, September 19th. Finally, Independent Research set a €42.00 ($48.84) price target on shares of Salzgitter and gave the company a “neutral” rating in a report on Tuesday, September 11th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Salzgitter currently has a consensus rating of “Hold” and an average price target of €42.48 ($49.39).

ETR SZG traded down €0.14 ($0.16) on Thursday, reaching €39.55 ($45.99). The company had a trading volume of 214,682 shares, compared to its average volume of 273,405. Salzgitter has a 12 month low of €29.74 ($34.58) and a 12 month high of €52.40 ($60.93).

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.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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