Salzgitter (ETR:SZG) has been assigned a €39.00 ($48.15) price target by Morgan Stanley in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 9.22% from the stock’s current price.
A number of other equities research analysts have also recently commented on SZG. DZ Bank reiterated a “sell” rating on shares of Salzgitter in a research note on Monday, March 5th. Nord/LB set a €52.00 ($64.20) price target on Salzgitter and gave the company a “buy” rating in a research note on Monday. Warburg Research set a €42.00 ($51.85) price target on Salzgitter and gave the company a “neutral” rating in a research note on Tuesday, December 5th. Citigroup set a €50.00 ($61.73) price target on Salzgitter and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Barclays set a €35.00 ($43.21) price target on Salzgitter and gave the company a “sell” rating in a research note on Monday, February 5th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of €44.18 ($54.55).
Salzgitter (SZG) traded up €0.69 ($0.85) during trading on Tuesday, reaching €42.96 ($53.04). The company’s stock had a trading volume of 172,545 shares, compared to its average volume of 273,405. Salzgitter has a 52 week low of €29.74 ($36.72) and a 52 week high of €52.40 ($64.69). The stock has a market capitalization of $2,540.00 and a PE ratio of 16.85.
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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