Jefferies Group LLC Analysts Give Salzgitter AG (ETR:SZG) a €39.00 Price Target
Salzgitter AG (ETR:SZG) received a €39.00 ($44.83) target price from equities research analysts at Jefferies Group LLC in a note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock.
A number of other analysts also recently weighed in on SZG. UBS AG set a €31.00 ($35.63) price objective on Salzgitter AG and gave the company a “sell” rating in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) set a €37.00 ($42.53) price objective on Salzgitter AG and gave the company a “buy” rating in a report on Thursday, April 20th. Citigroup Inc. set a €40.00 ($45.98) price objective on Salzgitter AG and gave the company a “neutral” rating in a report on Friday. J P Morgan Chase & Co set a €38.50 ($44.25) price objective on Salzgitter AG and gave the company a “neutral” rating in a report on Monday, April 3rd. Finally, Berenberg Bank set a €42.00 ($48.28) price objective on Salzgitter AG and gave the company a “buy” rating in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of €36.57 ($42.03).
Shares of Salzgitter AG (SZG) opened at 38.57 on Tuesday. Salzgitter AG has a 52 week low of €22.67 and a 52 week high of €38.57. The firm has a market capitalization of €2.08 billion and a PE ratio of 20.57. The company’s 50 day moving average price is €34.08 and its 200-day moving average price is €34.28.
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.
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.