Salzgitter (ETR:SZG) received a €35.00 ($43.21) target price from investment analysts at Barclays in a report issued on Monday. The firm presently has a “sell” rating on the stock. Barclays’ price objective suggests a potential downside of 25.04% from the company’s current price.
A number of other research firms have also recently weighed in on SZG. Deutsche Bank set a €47.00 ($58.02) price target on Salzgitter and gave the stock a “neutral” rating in a report on Friday, January 12th. Goldman Sachs Group set a €58.00 ($71.60) price target on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. set a €42.00 ($51.85) price target on Salzgitter and gave the stock a “sell” rating in a report on Thursday, January 25th. Citigroup set a €50.00 ($61.73) target price on Salzgitter and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, Independent Research set a €50.00 ($61.73) target price on Salzgitter and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Salzgitter has an average rating of “Hold” and an average target price of €44.18 ($54.54).
Salzgitter (ETR:SZG) opened at €46.69 ($57.64) on Monday. The firm has a market capitalization of $2,800.00 and a price-to-earnings ratio of 18.31. Salzgitter has a twelve month low of €29.74 ($36.72) and a twelve month high of €52.40 ($64.69).
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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