Salzgitter (ETR:SZG) received a €45.00 ($55.56) price target from investment analysts at Independent Research in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. Independent Research’s target price suggests a potential upside of 4.75% from the company’s previous close.
Several other equities research analysts also recently issued reports on SZG. Morgan Stanley set a €39.00 ($48.15) price objective on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday. DZ Bank restated a “sell” rating on shares of Salzgitter in a research report on Monday, March 5th. Nord/LB set a €52.00 ($64.20) price objective on shares of Salzgitter and gave the stock a “buy” rating in a research report on Monday. Warburg Research set a €42.00 ($51.85) price objective on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, December 5th. Finally, Citigroup set a €50.00 ($61.73) price target on shares of Salzgitter and gave the company a “neutral” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €43.92 ($54.22).
Shares of Salzgitter (ETR:SZG) traded up €0.69 ($0.85) during mid-day trading on Tuesday, reaching €42.96 ($53.04). 172,545 shares of the company’s stock traded hands, compared to its average volume of 273,405. The firm has a market capitalization of $2,540.00 and a P/E ratio of 16.85. Salzgitter has a 1 year low of €29.74 ($36.72) and a 1 year high of €52.40 ($64.69).
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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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