Salzgitter (ETR:SZG) received a €58.00 ($69.05) price target from analysts at Goldman Sachs Group in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 13.28% from the company’s previous close.
Several other analysts also recently weighed in on SZG. Morgan Stanley set a €35.00 ($41.67) target price on Salzgitter and gave the company a “neutral” rating in a report on Tuesday, September 26th. BNP Paribas set a €36.00 ($42.86) target price on Salzgitter and gave the company a “neutral” rating in a report on Thursday, October 12th. Citigroup set a €40.00 ($47.62) target price on Salzgitter and gave the company a “neutral” rating in a report on Monday, October 16th. Deutsche Bank set a €44.00 ($52.38) target price on Salzgitter and gave the company a “buy” rating in a report on Monday, October 16th. Finally, UBS Group set a €42.00 ($50.00) target price on Salzgitter and gave the company a “neutral” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €42.48 ($50.57).
Salzgitter (SZG) traded down €0.20 ($0.24) during trading on Wednesday, hitting €51.20 ($60.95). The stock had a trading volume of 191,089 shares, compared to its average volume of 209,752. Salzgitter has a fifty-two week low of €29.74 ($35.40) and a fifty-two week high of €52.40 ($62.38). The stock has a market cap of $3,080.00 and a P/E ratio of 20.08.
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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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