Salzgitter AG (SZG) PT Set at €23.00 by Barclays PLC
Salzgitter AG (ETR:SZG) has been given a €23.00 ($25.56) price objective by investment analysts at Barclays PLC in a research note issued on Tuesday. The firm currently has a a “sell” rating on the stock.
Several other research analysts have also issued reports on the stock. Morgan Stanley set a €30.50 ($33.89) target price on shares of Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, August 18th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Salzgitter AG in a research note on Wednesday, August 17th. Commerzbank AG set a €22.00 ($24.44) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, August 31st. DZ Bank AG reaffirmed a “neutral” rating on shares of Salzgitter AG in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. set a €22.00 ($24.44) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €29.40 ($32.67).
Shares of Salzgitter AG (ETR:SZG) traded down 1.11% on Tuesday, hitting €27.69. 1,070 shares of the stock traded hands. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €30.63. The firm’s 50 day moving average is €28.32 and its 200 day moving average is €26.76. The firm’s market capitalization is €1.50 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/salzgitter-ag-szg-pt-set-at-23-00-by-barclays-plc.html
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.
Receive News & Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related companies with MarketBeat.com's FREE daily email newsletter.