Salzgitter AG (SZG) Stock Rating Reaffirmed by Jefferies Group LLC
Salzgitter AG (ETR:SZG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report released on Friday.
SZG has been the subject of several other reports. Commerzbank Ag set a €38.00 ($45.24) price target on shares of Salzgitter AG and gave the company a “neutral” rating in a research report on Friday, June 23rd. Kepler Capital Markets set a €45.00 ($53.57) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Monday, May 29th. Nord/LB set a €43.00 ($51.19) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Monday, May 29th. Berenberg Bank set a €45.00 ($53.57) price target on shares of Salzgitter AG and gave the company a “buy” rating in a research report on Thursday, July 6th. Finally, DZ Bank AG restated a “neutral” rating on shares of Salzgitter AG in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Salzgitter AG has an average rating of “Hold” and an average price target of €38.24 ($45.53).
Salzgitter AG (ETR:SZG) traded down 0.583% during mid-day trading on Friday, reaching €37.882. 120 shares of the company’s stock were exchanged. Salzgitter AG has a 12 month low of €26.12 and a 12 month high of €39.49. The stock has a 50-day moving average of €37.66 and a 200-day moving average of €35.12. The firm has a market cap of €2.05 billion and a price-to-earnings ratio of 19.938.
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Salzgitter AG Company Profile
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.
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