Salzgitter AG (SZG) PT Set at €23.00 by Barclays PLC
Salzgitter AG (ETR:SZG) has been assigned a €23.00 ($25.56) price objective by research analysts at Barclays PLC in a research note issued on Tuesday. The brokerage presently has a a “sell” rating on the stock.
Other equities research analysts have also issued reports about the stock. Goldman Sachs Group Inc. set a €29.00 ($32.22) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a report on Tuesday, May 24th. Berenberg Bank set a €41.00 ($45.56) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Friday, June 3rd. Citigroup Inc. set a €35.00 ($38.89) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Wednesday, June 1st. Credit Suisse Group AG set a €40.00 ($44.44) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Tuesday, May 31st. Finally, Royal Bank Of Canada set a €33.00 ($36.67) target price on shares of Salzgitter AG and gave the company a “buy” rating in a report on Friday, May 27th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. Salzgitter AG presently has an average rating of “Hold” and a consensus price target of €29.40 ($32.67).
Shares of Salzgitter AG (ETR:SZG) traded down 1.11% on Tuesday, reaching €27.69. 1,070 shares of the company’s stock traded hands. The firm’s market cap is €1.50 billion. Salzgitter AG has a 12-month low of €16.90 and a 12-month high of €30.63. The stock has a 50-day moving average of €28.32 and a 200 day moving average of €26.76.
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About Salzgitter AG
Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.
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