Morgan Stanley set a €39.00 ($48.15) target price on Salzgitter (ETR:SZG) in a report published on Tuesday, March 20th. The firm currently has a neutral rating on the stock.
Other equities analysts also recently issued reports about the stock. Warburg Research set a €42.00 ($51.85) target price on shares of Salzgitter and gave the stock a neutral rating in a research note on Tuesday, December 5th. Citigroup set a €50.00 ($61.73) price target on shares of Salzgitter and gave the company a neutral rating in a research note on Thursday, February 1st. Barclays set a €35.00 ($43.21) price target on shares of Salzgitter and gave the company a sell rating in a research note on Monday, February 5th. Deutsche Bank set a €47.00 ($58.02) price target on shares of Salzgitter and gave the company a neutral rating in a research note on Wednesday, January 31st. Finally, Independent Research set a €50.00 ($61.73) price target on shares of Salzgitter and gave the company a neutral rating in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of €43.87 ($54.16).
SZG traded up €1.92 ($2.37) on Tuesday, reaching €43.09 ($53.20). 372,744 shares of the company’s stock were exchanged, compared to its average volume of 273,405. 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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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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