Salzgitter (SZGPY) Upgraded to Buy at Zacks Investment Research
Salzgitter (OTCMKTS:SZGPY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $5.75 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.36% from the stock’s current price.
According to Zacks, “Salzgitter AG is engaged in the production of steel and steel products. Its operating business unit consists of Strip Steel, Plate/Section Steel, Energy, Trading and Technology. Strip Steel unit produces special and branded steels. Plate/Section Steel unit offers heavy plates. Energy unit covers seamless tubes, seam-and spiral-welded large-diameter pipes, stainless steel tubes as well as seamless and welded precision tubes. Trading unit handles sales network and global trading companies and sales offices. Technology unit focuses on machinery and plants for the filling and packaging of beverages. Salzgitter AG is headquartered in Salzgitter, Germany. “
Shares of Salzgitter (OTCMKTS SZGPY) opened at $5.21 on Friday. Salzgitter has a fifty-two week low of $3.44 and a fifty-two week high of $5.21.
COPYRIGHT VIOLATION NOTICE: “Salzgitter (SZGPY) Upgraded to Buy at Zacks Investment Research” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/15/salzgitter-szgpy-upgraded-to-buy-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.