SZG has been the topic of several other research reports. Deutsche Bank reiterated a buy rating on shares of Salzgitter in a research note on Friday, July 20th. JPMorgan Chase & Co. set a €37.50 ($43.60) price target on shares of Salzgitter and gave the stock a sell rating in a research note on Monday, August 13th. Baader Bank set a €38.50 ($44.77) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, September 19th. Jefferies Financial Group set a €43.00 ($50.00) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Monday, July 16th. Finally, Kepler Capital Markets set a €47.00 ($54.65) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Thursday, August 23rd. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of €42.48 ($49.39).
Shares of Salzgitter stock traded down €0.14 ($0.16) on Thursday, hitting €39.55 ($45.99). 214,682 shares of the company’s stock were exchanged, compared to its average volume of 273,405. Salzgitter has a 1 year low of €29.74 ($34.58) and a 1 year 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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