Salzgitter AG (SZG) Given a €39.10 Price Target by Morgan Stanley Analysts
Salzgitter AG (ETR:SZG) received a €39.10 ($46.00) price target from investment analysts at Morgan Stanley in a research report issued on Friday. The firm presently has a “neutral” rating on the stock.
A number of other analysts also recently weighed in on SZG. Jefferies Group LLC set a €34.00 ($40.00) target price on Salzgitter AG and gave the stock a “neutral” rating in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) set a €37.00 ($43.53) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Thursday, April 20th. Berenberg Bank set a €42.00 ($49.41) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Thursday, April 20th. Commerzbank Ag set a €22.00 ($25.88) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Friday, April 28th. Finally, Royal Bank Of Canada set a €38.00 ($44.71) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Salzgitter AG has an average rating of “Hold” and a consensus price target of €38.24 ($44.99).
Salzgitter AG (ETR:SZG) opened at 36.471 on Friday. The company has a 50-day moving average of €37.52 and a 200-day moving average of €35.04. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The company has a market cap of €1.97 billion and a price-to-earnings ratio of 19.195.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/18/salzgitter-ag-szg-given-a-39-10-price-target-by-morgan-stanley-analysts.html.
About Salzgitter AG
Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.
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.