Salzgitter (SZG) Receives Sell Rating from Bank of America

Salzgitter (ETR:SZG)‘s stock had its “sell” rating reaffirmed by analysts at Bank of America in a report issued on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group set a €42.00 ($51.85) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. set a €42.00 ($51.85) price target on Salzgitter and gave the company a “sell” rating in a report on Thursday, January 25th. Baader Bank set a €38.50 ($47.53) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, October 25th. Goldman Sachs Group set a €58.00 ($71.60) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Independent Research set a €50.00 ($61.73) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €44.18 ($54.54).

Shares of Salzgitter (SZG) opened at €46.67 ($57.62) on Tuesday. The firm has a market capitalization of $2,800.00 and a P/E ratio of 18.30. Salzgitter has a twelve month low of €29.74 ($36.72) and a twelve month high of €52.40 ($64.69).

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About Salzgitter

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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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