Commerzbank Ag set a €38.00 ($44.19) price target on Salzgitter AG (ETR:SZG) in a research report report published on Friday. The firm currently has a neutral rating on the stock.
SZG has been the subject of several other research reports. Baader Bank set a €38.50 ($44.77) price target on Salzgitter AG and gave the company a neutral rating in a report on Wednesday, May 3rd. Berenberg Bank set a €42.00 ($48.84) price target on Salzgitter AG and gave the company a buy rating in a report on Wednesday, April 5th. Nord/LB set a €43.00 ($50.00) price target on Salzgitter AG and gave the company a buy rating in a report on Monday, May 15th. J P Morgan Chase & Co set a €40.50 ($47.09) price target on Salzgitter AG and gave the company a neutral rating in a report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) set a €37.00 ($43.02) price target on Salzgitter AG and gave the company a buy rating in a report on Thursday, April 20th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Salzgitter AG currently has a consensus rating of Hold and an average target price of €37.19 ($43.24).
Shares of Salzgitter AG (ETR:SZG) opened at 37.751 on Friday. The company has a market cap of €2.04 billion and a P/E ratio of 20.134. The company has a 50-day moving average price of €36.20 and a 200-day moving average price of €34.83. Salzgitter AG has a 52-week low of €26.12 and a 52-week high of €39.49.
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About Salzgitter AG
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.
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