Salzgitter AG (SZG) PT Set at €26.50 by Goldman Sachs Group Inc.
Salzgitter AG (ETR:SZG) received a €26.50 ($29.44) price target from research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Thursday. The brokerage currently has a a “sell” rating on the stock.
A number of other research firms also recently weighed in on SZG. JPMorgan Chase & Co. set a €27.00 ($30.00) price target on Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, July 21st. Barclays PLC set a €25.00 ($27.78) price objective on Salzgitter AG and gave the stock a “sell” rating in a research note on Thursday, July 21st. DZ Bank AG reaffirmed a “neutral” rating on shares of Salzgitter AG in a research note on Tuesday, July 12th. Berenberg Bank set a €41.00 ($45.56) price objective on Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, June 30th. Finally, Kepler Capital Markets set a €27.00 ($30.00) price objective on Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, June 29th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Salzgitter AG has a consensus rating of “Hold” and an average price target of €29.94 ($33.27).
Shares of Salzgitter AG (ETR:SZG) opened at 30.60 on Thursday. Salzgitter AG has a 1-year low of €16.90 and a 1-year high of €32.40. The company’s market cap is €1.66 billion. The stock’s 50 day moving average price is €28.83 and its 200 day moving average price is €27.45.
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/2016/10/13/salzgitter-ag-szg-pt-set-at-26-50-by-goldman-sachs-group-inc.html
Salzgitter AG Company Profile
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.