JPMorgan Chase & Co. Analysts Give Salzgitter (SZG) a €37.00 Price Target

JPMorgan Chase & Co. set a €37.00 ($43.02) price target on Salzgitter (ETR:SZG) in a research note issued to investors on Friday. The brokerage currently has a sell rating on the stock.

Other equities research analysts have also issued reports about the company. Goldman Sachs Group set a €52.00 ($60.47) price target on Salzgitter and gave the company a buy rating in a research report on Monday, August 13th. Deutsche Bank reissued a buy rating on shares of Salzgitter in a research report on Friday, July 20th. Nord/LB set a €48.00 ($55.81) price target on Salzgitter and gave the company a buy rating in a research report on Tuesday, August 14th. Baader Bank set a €38.50 ($44.77) price target on Salzgitter and gave the company a neutral rating in a research report on Monday, July 16th. Finally, Jefferies Financial Group set a €43.00 ($50.00) price target on Salzgitter and gave the company a neutral rating in a research report on Monday, July 16th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €42.48 ($49.39).

ETR SZG traded down €0.14 ($0.16) on Friday, reaching €39.55 ($45.99). The company had a trading volume of 214,682 shares, compared to its average volume of 273,405. Salzgitter has a 52-week low of €29.74 ($34.58) and a 52-week high of €52.40 ($60.93).

Salzgitter Company Profile

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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