Salzgitter AG (ETR:SZG) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is €37.32 ($43.40).
SZG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. set a €34.50 ($40.12) price objective on shares of Salzgitter and gave the stock a “sell” rating in a research report on Thursday, November 15th. Independent Research set a €43.00 ($50.00) price objective on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Thursday, September 20th. Jefferies Financial Group set a €38.00 ($44.19) price objective on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, November 14th. DZ Bank reiterated a “neutral” rating on shares of Salzgitter in a research report on Thursday, November 15th. Finally, Goldman Sachs Group set a €47.00 ($54.65) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Friday, October 19th.
ETR:SZG opened at €26.82 ($31.19) on Friday. Salzgitter has a fifty-two week low of €29.74 ($34.58) and a fifty-two week high of €52.40 ($60.93).
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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