Salzgitter AG (SZG) Receives Average Recommendation of “Hold” from Brokerages
Shares of Salzgitter AG (ETR:SZG) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is €41.14 ($48.97).
A number of research analysts recently commented on SZG shares. Deutsche Bank set a €44.00 ($52.38) price target on Salzgitter and gave the stock a “buy” rating in a research report on Monday, October 16th. Commerzbank set a €45.00 ($53.57) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. UBS Group set a €42.00 ($50.00) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Friday, October 20th. Citigroup set a €40.00 ($47.62) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Monday, October 16th. Finally, Jefferies Group restated a “neutral” rating on shares of Salzgitter in a research report on Friday, September 15th.
Salzgitter (ETR SZG) traded up €0.19 ($0.23) during mid-day trading on Monday, reaching €48.66 ($57.93). The company’s stock had a trading volume of 121,923 shares, compared to its average volume of 185,691. The company has a market cap of $2,920.00 and a PE ratio of 19.08. Salzgitter has a 1 year low of €29.74 ($35.40) and a 1 year high of €48.92 ($58.24).
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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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