Salzgitter AG (SZG) Earns “Neutral” Rating from Citigroup Inc.

Salzgitter AG (ETR:SZG)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research report issued on Wednesday.

SZG has been the topic of several other research reports. Deutsche Bank AG set a €44.00 ($51.16) target price on Salzgitter AG and gave the stock a “buy” rating in a report on Monday, October 16th. UBS AG set a €42.00 ($48.84) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Friday, October 20th. DZ Bank AG reaffirmed a “neutral” rating on shares of Salzgitter AG in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Salzgitter AG in a report on Friday, September 15th. Finally, Nord/LB set a €47.00 ($54.65) price target on Salzgitter AG and gave the company a “buy” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of €40.85 ($47.50).

Shares of Salzgitter AG (ETR:SZG) opened at €39.65 ($46.10) on Wednesday. Salzgitter AG has a twelve month low of €28.39 ($33.01) and a twelve month high of €44.28 ($51.49).

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Salzgitter AG Company Profile

Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.

Analyst Recommendations for Salzgitter AG (ETR:SZG)

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