Salzgitter AG (SZG) Given a €42.00 Price Target by UBS AG Analysts
Salzgitter AG (ETR:SZG) has been assigned a €42.00 ($49.41) price objective by research analysts at UBS AG in a research report issued on Friday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock.
SZG has been the subject of several other research reports. J P Morgan Chase & Co set a €40.50 ($47.65) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Tuesday, July 25th. Jefferies Group LLC set a €39.00 ($45.88) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Friday, August 11th. Deutsche Bank AG set a €44.00 ($51.76) target price on Salzgitter AG and gave the company a “buy” rating in a research note on Wednesday, July 26th. Goldman Sachs Group Inc set a €41.00 ($48.24) target price on Salzgitter AG and gave the company a “neutral” rating in a research note on Thursday, August 10th. Finally, DZ Bank AG restated a “neutral” rating on shares of Salzgitter AG in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €38.86 ($45.71).
Salzgitter AG (ETR:SZG) traded up 1.274% during trading on Friday, hitting €41.495. The stock had a trading volume of 1,690 shares. Salzgitter AG has a 12-month low of €26.12 and a 12-month high of €42.51. The company has a market cap of €2.24 billion and a P/E ratio of 21.839. The company has a 50 day moving average of €38.39 and a 200-day moving average of €35.81.
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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.
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