Salzgitter AG (SZG) Given Average Recommendation of “Hold” by Analysts
Shares of Salzgitter AG (ETR:SZG) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is €38.21 ($45.48).
Several equities research analysts have commented on SZG shares. Bank of America Corporation set a €39.00 ($46.43) price target on Salzgitter AG and gave the company a “buy” rating in a research report on Tuesday, June 6th. Berenberg Bank set a €45.00 ($53.57) price target on Salzgitter AG and gave the company a “buy” rating in a research report on Thursday, July 6th. Kepler Capital Markets set a €45.00 ($53.57) price target on Salzgitter AG and gave the company a “buy” rating in a research report on Monday, May 29th. DZ Bank AG restated a “neutral” rating on shares of Salzgitter AG in a research report on Wednesday, July 5th. Finally, Nord/LB set a €43.00 ($51.19) price target on Salzgitter AG and gave the company a “buy” rating in a research report on Friday, June 30th.
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Shares of Salzgitter AG (ETR SZG) traded down 1.20% during trading on Friday, reaching €37.85. The company’s stock had a trading volume of 106 shares. Salzgitter AG has a one year low of €26.12 and a one year high of €39.49. The stock’s 50 day moving average is €37.64 and its 200 day moving average is €35.16. The firm has a market cap of €2.05 billion and a P/E ratio of 19.92.
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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