Barclays Analysts Give Salzgitter (SZG) a €35.00 Price Target

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).

ILLEGAL ACTIVITY NOTICE: “Barclays Analysts Give Salzgitter (SZG) a €35.00 Price Target” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2018/02/05/barclays-analysts-give-salzgitter-szg-a-35-00-price-target.html.

About Salzgitter

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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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.

Leave a Reply