Salzgitter (ETR:SZG) has been given a €47.00 ($55.95) price objective by investment analysts at Deutsche Bank in a research note issued on Friday, January 12th. The brokerage currently has a “neutral” rating on the stock. Deutsche Bank’s target price points to a potential downside of 6.19% from the stock’s previous close.
A number of other brokerages also recently issued reports on SZG. DZ Bank restated a “sell” rating on shares of Salzgitter in a research note on Thursday, January 4th. Jefferies Group reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Friday, December 15th. Kepler Capital Markets set a €50.00 ($59.52) price target on Salzgitter and gave the stock a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada set a €41.00 ($48.81) price target on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. set a €40.00 ($47.62) price target on Salzgitter and gave the stock a “neutral” rating in a report on Tuesday, November 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. Salzgitter currently has a consensus rating of “Hold” and an average price target of €41.18 ($49.02).
Salzgitter (SZG) opened at €50.10 ($59.64) on Friday. The firm has a market capitalization of $3,010.00 and a P/E ratio of 19.65. Salzgitter has a 52 week low of €29.74 ($35.40) and a 52 week high of €52.40 ($62.38).
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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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