Salzgitter AG (ETR:SZG) received a €29.00 ($32.58) price target from investment analysts at Barclays PLC in a research note issued on Wednesday. The firm presently has a “sell” rating on the stock.

A number of other equities analysts also recently weighed in on SZG. Berenberg Bank set a €42.00 ($47.19) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Monday, May 15th. S&P Global set a €35.00 ($39.33) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Tuesday, May 16th. JPMorgan Chase & Co. set a €38.50 ($43.26) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Tuesday, May 16th. Independent Research GmbH set a €35.00 ($39.33) target price on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Saturday. Finally, Royal Bank of Canada set a €38.00 ($42.70) target price on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Monday, May 15th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €35.60 ($39.99).

Analyst Recommendations for Salzgitter AG (ETR:SZG)

Salzgitter AG (ETR:SZG) opened at 34.633 on Wednesday. Salzgitter AG has a one year low of €22.67 and a one year high of €38.04. The firm has a market cap of €1.87 billion and a price-to-earnings ratio of 18.471. The stock has a 50 day moving average of €32.46 and a 200 day moving average of €33.54.

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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.

12 Month Chart for ETR:SZG

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