JPMorgan Chase & Co. set a €27.00 ($31.40) price target on Salzgitter (ETR:SZG) in a research report released on Tuesday, February 5th. The firm currently has a sell rating on the stock.
SZG has been the subject of several other research reports. Deutsche Bank set a €51.00 ($59.30) price objective on Salzgitter and gave the company a buy rating in a research note on Thursday, November 15th. Nord/LB set a €36.00 ($41.86) target price on Salzgitter and gave the stock a buy rating in a report on Monday, December 10th. DZ Bank restated a neutral rating on shares of Salzgitter in a research note on Thursday, November 15th. Jefferies Financial Group set a €43.00 ($50.00) price objective on Salzgitter and gave the stock a neutral rating in a report on Monday, October 15th. Finally, Cfra set a €36.00 ($41.86) target price on Salzgitter and gave the stock a neutral rating in a research report on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of €34.87 ($40.54).
SZG traded up €0.44 ($0.51) during trading on Tuesday, reaching €27.30 ($31.74). 204,397 shares of the stock were exchanged, 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 Company Profile
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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