Shares of Salzgitter AG (ETR:SZG) have received an average recommendation of “Hold” from the twenty-six brokerages that are presently covering the firm. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is €29.48 ($32.75).
Several equities research analysts have issued reports on the stock. Goldman Sachs Group Inc. set a €22.00 ($24.44) price objective on shares of Salzgitter AG and gave the stock a “sell” rating in a research note on Wednesday, July 13th. DZ Bank AG reiterated a “neutral” rating on shares of Salzgitter AG in a research note on Tuesday, July 12th. Berenberg Bank set a €41.00 ($45.56) price objective on shares of Salzgitter AG and gave the stock a “buy” rating in a research note on Thursday, June 30th. Kepler Capital Markets set a €27.00 ($30.00) price objective on shares of Salzgitter AG and gave the stock a “neutral” rating in a research note on Wednesday, June 29th. Finally, Commerzbank AG set a €22.00 ($24.44) target price on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, June 29th.
Salzgitter AG (ETR:SZG) traded up 1.78% on Friday, reaching €30.75. 550 shares of the company’s stock were exchanged. Salzgitter AG has a 1-year low of €16.90 and a 1-year high of €32.40. The firm’s market capitalization is €1.66 billion. The stock’s 50 day moving average price is €28.86 and its 200 day moving average price is €27.47.
About Salzgitter AG
Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.
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