Deutsche Bank Analysts Give Salzgitter (ETR:SZG) a €47.00 Price Target

Salzgitter (ETR:SZG) received a €47.00 ($58.02) price objective from equities researchers at Deutsche Bank in a note issued to investors on Thursday, March 22nd. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s price target points to a potential upside of 6.21% from the stock’s current price.

Several other brokerages have also issued reports on SZG. Goldman Sachs set a €58.00 ($71.60) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, January 24th. JPMorgan Chase set a €42.00 ($51.85) target price on shares of Salzgitter and gave the company a “sell” rating in a research report on Thursday, January 25th. Citigroup set a €50.00 ($61.73) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Friday, January 26th. Independent Research set a €50.00 ($61.73) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley set a €38.00 ($46.91) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of €43.87 ($54.16).

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Shares of ETR SZG traded up €1.22 ($1.51) during mid-day trading on Thursday, reaching €44.25 ($54.63). 218,637 shares of the company were exchanged, compared to its average volume of 273,405. 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 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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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