Salzgitter AG (SZG) PT Set at €30.50 by Morgan Stanley
Salzgitter AG (ETR:SZG) has been assigned a €30.50 ($33.89) price target by research analysts at Morgan Stanley in a research report issued on Monday. The brokerage presently has a a “neutral” rating on the stock.
SZG has been the subject of several other research reports. Baader Bank set a €26.00 ($28.89) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Jefferies Group set a €34.00 ($37.78) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Tuesday, September 20th. Commerzbank AG set a €22.00 ($24.44) price target on shares of Salzgitter AG and gave the company a “sell” rating in a research report on Wednesday, August 10th. Bankhaus Lampe set a €32.00 ($35.56) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Societe Generale set a €33.00 ($36.67) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a research report on Monday, July 25th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. Salzgitter AG currently has an average rating of “Hold” and an average target price of €29.76 ($33.07).
Shares of Salzgitter AG (ETR:SZG) traded up 4.196% on Monday, hitting €32.234. 4,776 shares of the stock were exchanged. The company has a 50-day moving average price of €28.64 and a 200 day moving average price of €27.26. Salzgitter AG has a 12 month low of €16.90 and a 12 month high of €32.40. The company’s market cap is €1.74 billion.
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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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