Salzgitter (SZG) Given a €36.00 Price Target at Independent Research
A number of other research analysts have also recently commented on the stock. DZ Bank restated a neutral rating on shares of Salzgitter in a report on Thursday, November 15th. JPMorgan Chase & Co. set a €34.50 ($40.12) price target on shares of Salzgitter and gave the stock a sell rating in a report on Thursday, November 15th. Deutsche Bank set a €51.00 ($59.30) price objective on shares of Salzgitter and gave the stock a buy rating in a research note on Thursday, November 15th. Jefferies Financial Group set a €38.00 ($44.19) price objective on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, November 14th. Finally, Cfra set a €36.00 ($41.86) price objective on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, November 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Salzgitter presently has an average rating of Hold and a consensus target price of €40.25 ($46.80).
Shares of ETR SZG traded up €0.08 ($0.09) during mid-day trading on Friday, reaching €27.42 ($31.88). The company had a trading volume of 333,550 shares, compared to its average volume of 273,405. Salzgitter has a 52 week low of €29.74 ($34.58) and a 52 week high of €52.40 ($60.93).
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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