Salzgitter (ETR:SZG) received a €50.00 ($59.52) price objective from Kepler Capital Markets in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Kepler Capital Markets’ price target would indicate a potential upside of 8.89% from the stock’s previous close.
A number of other research firms have also recently weighed in on SZG. Jefferies Group reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Friday, September 15th. Barclays set a €29.00 ($34.52) price target on shares of Salzgitter and gave the stock a “sell” rating in a research note on Monday, September 18th. Baader Bank set a €38.50 ($45.83) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, September 21st. Morgan Stanley set a €35.00 ($41.67) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Finally, BNP Paribas set a €36.00 ($42.86) price target on shares of Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of €41.13 ($48.96).
Salzgitter (ETR SZG) traded up €1.39 ($1.65) during trading hours on Monday, reaching €45.92 ($54.67). The company had a trading volume of 124,936 shares, compared to its average volume of 223,202. Salzgitter has a 1-year low of €29.74 ($35.40) and a 1-year high of €45.25 ($53.87).
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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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