Salzgitter (ETR:SZG) has been given a €22.00 ($25.58) price objective by research analysts at Kepler Capital Markets in a report issued on Friday. The firm presently has a “sell” rating on the stock. Kepler Capital Markets’ price objective suggests a potential downside of 17.32% from the company’s previous close.
SZG has been the topic of several other reports. Jefferies Financial Group set a €38.00 ($44.19) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, November 28th. Macquarie set a €31.00 ($36.05) target price on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, December 5th. Goldman Sachs Group set a €30.00 ($34.88) target price on Salzgitter and gave the company a “neutral” rating in a research report on Thursday, January 31st. Deutsche Bank set a €40.00 ($46.51) target price on Salzgitter and gave the company a “buy” rating in a research report on Thursday, January 10th. Finally, Nord/LB set a €36.00 ($41.86) target price on Salzgitter and gave the company a “buy” rating in a research report on Monday, December 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €34.29 ($39.87).
Salzgitter stock traded down €1.18 ($1.37) during midday trading on Friday, hitting €26.61 ($30.94). 1,011,545 shares of the company were exchanged, compared to its average volume of 273,405. Salzgitter has a fifty-two week low of €29.74 ($34.58) and a fifty-two 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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