Berenberg Bank Reiterates €42.00 Price Target for Salzgitter AG (SZG)
Salzgitter AG (ETR:SZG) has been assigned a €42.00 ($46.67) price objective by investment analysts at Berenberg Bank in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock.
Several other equities analysts also recently weighed in on the company. Commerzbank Ag set a €22.00 ($24.44) price target on Salzgitter AG and gave the stock a “sell” rating in a research report on Friday, April 28th. Nord/LB set a €43.00 ($47.78) price target on Salzgitter AG and gave the stock a “buy” rating in a research report on Friday, May 5th. Warburg Research set a €34.00 ($37.78) price target on Salzgitter AG and gave the stock a “neutral” rating in a research report on Tuesday, May 16th. Bank of America Corporation set a €39.00 ($43.33) price target on Salzgitter AG and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG set a €42.00 ($46.67) price target on Salzgitter AG and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €36.29 ($40.32).
Shares of Salzgitter AG (ETR SZG) opened at 35.769 on Thursday. The firm has a 50-day moving average price of €33.54 and a 200 day moving average price of €34.20. Salzgitter AG has a one year low of €22.67 and a one year high of €38.04. The stock has a market capitalization of €1.93 billion and a PE ratio of 19.077.
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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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