Salzgitter (ETR:SZG) has been given a €47.00 ($55.95) target price by Deutsche Bank in a note issued to investors on Friday, January 12th. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 8.38% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. DZ Bank reiterated a “sell” rating on shares of Salzgitter in a report on Thursday, January 4th. Kepler Capital Markets set a €50.00 ($59.52) target price on shares of Salzgitter and gave the company a “buy” rating in a report on Monday, December 18th. Jefferies Group restated a “neutral” rating on shares of Salzgitter in a report on Friday, December 15th. Warburg Research set a €42.00 ($50.00) target price on shares of Salzgitter and gave the company a “neutral” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada set a €41.00 ($48.81) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Salzgitter has an average rating of “Hold” and an average price target of €41.18 ($49.02).
Salzgitter (ETR SZG) opened at €51.30 ($61.07) on Friday. The company has a market cap of $3,080.00 and a price-to-earnings ratio of 20.12. Salzgitter has a one year low of €29.74 ($35.40) and a one year high of €52.40 ($62.38).
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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.
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