J P Morgan Chase & Co set a €40.00 ($47.62) price target on Salzgitter (ETR:SZG) in a research report report published on Tuesday, November 21st. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on SZG. Independent Research set a €45.00 ($53.57) price target on Salzgitter and gave the stock a neutral rating in a research note on Monday, November 20th. UBS set a €43.00 ($51.19) price target on Salzgitter and gave the stock a neutral rating in a research note on Friday, November 17th. Baader Bank set a €38.50 ($45.83) price target on Salzgitter and gave the stock a neutral rating in a research note on Thursday, November 9th. Goldman Sachs Group set a €44.00 ($52.38) price target on Salzgitter and gave the stock a neutral rating in a research note on Thursday, November 9th. Finally, Morgan Stanley set a €35.00 ($41.67) price target on Salzgitter and gave the stock a neutral rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. Salzgitter has an average rating of Hold and an average target price of €41.13 ($48.96).
Salzgitter (ETR SZG) traded down €0.05 ($0.06) during trading on Tuesday, reaching €42.38 ($50.45). The company’s stock had a trading volume of 167,462 shares, compared to its average volume of 251,661. Salzgitter has a 12 month low of €29.74 ($35.40) and a 12 month high of €45.06 ($53.64).
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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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