Salzgitter (ETR:SZG)‘s stock had its “sell” rating reaffirmed by equities researchers at Bank of America in a report issued on Tuesday, February 20th.
SZG has been the topic of several other reports. Morgan Stanley set a €35.00 ($43.21) target price on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group set a €42.00 ($51.85) target price on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Warburg Research set a €41.00 ($50.62) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, October 25th. DZ Bank reissued a “neutral” rating on shares of Salzgitter in a report on Tuesday, November 14th. Finally, Kepler Capital Markets set a €50.00 ($61.73) target price on Salzgitter and gave the stock a “buy” rating in a report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. Salzgitter presently has an average rating of “Hold” and an average price target of €44.13 ($54.48).
Shares of Salzgitter (SZG) traded up €0.21 ($0.26) during trading hours on Tuesday, hitting €42.48 ($52.44). The stock had a trading volume of 142,044 shares, compared to its average volume of 284,133. Salzgitter has a 12-month low of €29.74 ($36.72) and a 12-month high of €52.40 ($64.69). The company has a market cap of $2,560.00 and a price-to-earnings ratio of 16.66.
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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