Deutsche Bank Analysts Give Salzgitter (SZG) a €47.00 Price Target
Salzgitter (ETR:SZG) has been assigned a €47.00 ($55.95) price target by analysts at Deutsche Bank in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s price target suggests a potential downside of 8.35% from the stock’s previous close.
Several other analysts have also weighed in on the company. DZ Bank restated a “sell” rating on shares of Salzgitter in a report on Thursday, January 4th. Kepler Capital Markets set a €50.00 ($59.52) price objective on Salzgitter and gave the company a “buy” rating in a research report on Monday, December 18th. Jefferies Group reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Friday, December 15th. Warburg Research set a €42.00 ($50.00) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada set a €41.00 ($48.81) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Salzgitter currently has a consensus rating of “Hold” and a consensus price target of €41.18 ($49.02).
Salzgitter (SZG) traded down €0.48 ($0.57) during trading hours on Friday, reaching €51.28 ($61.05). The company had a trading volume of 304,723 shares, compared to its average volume of 200,043. Salzgitter has a one year low of €29.74 ($35.40) and a one year high of €52.08 ($62.00). The stock has a market cap of $3,080.00 and a price-to-earnings ratio of 20.11.
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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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