Salzgitter AG (SZG) Given Consensus Rating of “Hold” by Analysts
Shares of Salzgitter AG (ETR:SZG) have received an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is €35.52 ($39.03).
SZG has been the subject of a number of analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Salzgitter AG in a research report on Thursday, January 19th. Bank of America Corp set a €41.00 ($45.05) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Tuesday, January 24th. Barclays PLC set a €23.00 ($25.27) price objective on shares of Salzgitter AG and gave the company a “sell” rating in a research report on Monday, January 30th. Nord/LB set a €43.00 ($47.25) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Monday, January 30th. Finally, Jefferies Group LLC set a €42.00 ($46.15) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Tuesday, January 31st.
Salzgitter AG (ETR:SZG) traded up 2.076% during mid-day trading on Friday, reaching €34.228. 2,568 shares of the company’s stock were exchanged. The company has a 50-day moving average of €32.42 and a 200-day moving average of €33.39. Salzgitter AG has a 52-week low of €22.67 and a 52-week high of €38.04. The stock has a market cap of €1.85 billion and a price-to-earnings ratio of 18.255.
About Salzgitter AG
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.
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