Salzgitter (ETR:SZG) received a €53.00 ($61.63) price target from analysts at Deutsche Bank in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 32.63% from the stock’s current price.
A number of other equities research analysts have also weighed in on SZG. Credit Suisse Group set a €42.00 ($48.84) target price on Salzgitter and gave the company a “sell” rating in a research note on Thursday, June 14th. DZ Bank reissued a “sell” rating on shares of Salzgitter in a research note on Friday, June 22nd. Macquarie set a €34.00 ($39.53) target price on Salzgitter and gave the company a “sell” rating in a research note on Friday, July 6th. Kepler Capital Markets set a €50.00 ($58.14) target price on Salzgitter and gave the company a “neutral” rating in a research note on Friday, July 6th. Finally, Jefferies Financial Group set a €43.00 ($50.00) target price on Salzgitter and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €42.19 ($49.06).
ETR SZG opened at €39.96 ($46.47) on Thursday. Salzgitter has a 1-year low of €29.74 ($34.58) and a 1-year high of €52.40 ($60.93).
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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