Salzgitter AG (ETR:SZG) has been assigned a €36.00 ($42.35) price target by equities research analysts at Bank of America Corporation in a research report issued to clients and investors on Friday. The brokerage presently has a “sell” rating on the stock.

SZG has been the topic of several other reports. Baader Bank set a €38.50 ($45.29) price objective on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Wednesday, May 3rd. Nord/LB set a €43.00 ($50.59) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a report on Monday, May 15th. J P Morgan Chase & Co set a €40.50 ($47.65) price objective on shares of Salzgitter AG and gave the company a “neutral” rating in a report on Tuesday, July 25th. Royal Bank Of Canada set a €38.00 ($44.71) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a report on Thursday, April 20th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €38.24 ($44.99).

Shares of Salzgitter AG (ETR SZG) traded down 0.471% during mid-day trading on Friday, reaching €38.486. 1,513 shares of the company’s stock were exchanged. Salzgitter AG has a 1-year low of €26.12 and a 1-year high of €39.49. The stock has a market capitalization of €2.08 billion and a PE ratio of 20.526. The company’s 50 day moving average is €37.36 and its 200 day moving average is €35.02.

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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.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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