A number of other equities research analysts have also issued reports on the stock. Morgan Stanley set a €30.50 ($33.89) target price on shares of Salzgitter AG and gave the company a neutral rating in a research note on Thursday, August 18th. Deutsche Bank AG reissued a buy rating on shares of Salzgitter AG in a research note on Wednesday, August 17th. 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, August 31st. DZ Bank AG reissued a neutral rating on shares of Salzgitter AG in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. 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 Tuesday, June 28th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of €29.40 ($32.67).
Shares of Salzgitter AG (ETR:SZG) opened at 28.577 on Friday. The firm’s market capitalization is €1.55 billion. Salzgitter AG has a 52 week low of €16.90 and a 52 week high of €30.63. The stock’s 50 day moving average price is €28.42 and its 200 day moving average price is €27.01.
Salzgitter AG Company Profile
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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