Salzgitter AG (SZG) Receives €37.32 Average Target Price from Analysts

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Shares of Salzgitter AG (ETR:SZG) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is €37.32 ($43.40).

Several equities research analysts have recently commented on SZG shares. Goldman Sachs Group set a €52.00 ($60.47) price target on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Nord/LB set a €48.00 ($55.81) price target on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Deutsche Bank set a €53.00 ($61.63) price target on shares of Salzgitter and gave the company a “buy” rating in a report on Thursday, October 11th. Independent Research set a €43.00 ($50.00) price target on shares of Salzgitter and gave the company a “neutral” rating in a report on Thursday, September 20th. Finally, Kepler Capital Markets set a €47.00 ($54.65) price target on shares of Salzgitter and gave the company a “neutral” rating in a report on Thursday, September 20th.

SZG stock opened at €26.82 ($31.19) on Friday. Salzgitter has a 12-month low of €29.74 ($34.58) and a 12-month high of €52.40 ($60.93).

About Salzgitter

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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