Salzgitter (SZG) Given a €42.00 Price Target at Warburg Research
Salzgitter (ETR:SZG) has been given a €42.00 ($50.00) price objective by analysts at Warburg Research in a report released on Tuesday. The brokerage presently has a “neutral” rating on the stock. Warburg Research’s price target would suggest a potential downside of 1.75% from the stock’s current price.
A number of other research firms also recently weighed in on SZG. Deutsche Bank set a €44.00 ($52.38) target price on Salzgitter and gave the stock a “buy” rating in a report on Monday, October 16th. Commerzbank set a €45.00 ($53.57) target price on Salzgitter and gave the stock a “neutral” rating in a report on Tuesday, November 14th. UBS set a €42.00 ($50.00) target price on Salzgitter and gave the stock a “neutral” rating in a report on Friday, October 20th. Citigroup set a €40.00 ($47.62) target price on Salzgitter and gave the stock a “neutral” rating in a report on Monday, October 16th. Finally, Jefferies Group reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Salzgitter currently has an average rating of “Hold” and an average target price of €41.13 ($48.96).
Salzgitter (SZG) opened at €42.75 ($50.89) on Tuesday. Salzgitter has a 52-week low of €29.74 ($35.40) and a 52-week high of €45.06 ($53.64).
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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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