Salzgitter AG (SZG) Given a €38.00 Price Target by Royal Bank of Canada Analysts
Salzgitter AG (ETR:SZG) received a €38.00 ($42.70) price target from investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the stock.
SZG has been the subject of a number of other reports. JPMorgan Chase & Co. set a €36.50 ($41.01) price objective on Salzgitter AG and gave the company a “neutral” rating in a research note on Wednesday, March 1st. Baader Bank set a €38.50 ($43.26) price objective on Salzgitter AG and gave the company a “neutral” rating in a research note on Wednesday, May 3rd. Berenberg Bank set a €42.00 ($47.19) price objective on Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, April 5th. Nord/LB set a €43.00 ($48.31) price objective on Salzgitter AG and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Goldman Sachs Group Inc set a €45.00 ($50.56) price objective on Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, March 1st. 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 stock presently has an average rating of “Hold” and a consensus price target of €35.60 ($39.99).
Shares of Salzgitter AG (ETR:SZG) traded up 0.957% during midday trading on Thursday, hitting €34.819. The company’s stock had a trading volume of 2,620 shares. The firm has a market cap of €1.88 billion and a price-to-earnings ratio of 18.570. The firm has a 50-day moving average of €32.49 and a 200 day moving average of €33.60. Salzgitter AG has a 12-month low of €22.67 and a 12-month high of €38.04.
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Salzgitter AG Company Profile
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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