Salzgitter (ETR:SZG) has been given a €30.00 ($34.88) target price by Baader Bank in a research report issued on Tuesday, February 5th. The firm presently has a “neutral” rating on the stock. Baader Bank’s price target would indicate a potential upside of 9.89% from the company’s current price.
Several other analysts have also commented on SZG. Jefferies Financial Group set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Monday, February 4th. Goldman Sachs Group set a €30.00 ($34.88) price target on Salzgitter and gave the company a “neutral” rating in a research report on Thursday, January 31st. Commerzbank set a €54.00 ($62.79) price objective on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, November 14th. Macquarie set a €31.00 ($36.05) price objective on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, December 5th. Finally, Cfra set a €36.00 ($41.86) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Salzgitter currently has an average rating of “Hold” and an average price target of €34.87 ($40.54).
ETR SZG traded up €0.44 ($0.51) on Tuesday, hitting €27.30 ($31.74). 204,397 shares of the stock traded hands, compared to its average volume of 273,405. Salzgitter has a twelve month low of €29.74 ($34.58) and a twelve month 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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