Salzgitter (SZG) Given a €38.50 Price Target at Baader Bank

Baader Bank set a €38.50 ($44.77) target price on Salzgitter (ETR:SZG) in a research note issued to investors on Friday morning. The brokerage currently has a neutral rating on the stock.

SZG has been the subject of a number of other reports. Deutsche Bank reissued a buy rating on shares of Salzgitter in a research report on Friday, July 20th. Goldman Sachs Group set a €52.00 ($60.47) price target on shares of Salzgitter and gave the company a buy rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. set a €37.50 ($43.60) price target on shares of Salzgitter and gave the company a sell rating in a research report on Monday, August 13th. Citigroup reissued a neutral rating on shares of Salzgitter in a research report on Thursday, July 12th. Finally, Independent Research set a €43.00 ($50.00) price target on shares of Salzgitter and gave the company a neutral rating in a research report on Tuesday, August 14th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of €42.38 ($49.27).

Shares of ETR:SZG traded down €1.73 ($2.01) on Friday, hitting €34.30 ($39.88). The company had a trading volume of 302,974 shares, compared to its average volume of 273,405. Salzgitter has a 1 year low of €29.74 ($34.58) and a 1 year 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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Analyst Recommendations for Salzgitter (ETR:SZG)

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