DZ Bank Reaffirms “Sell” Rating for Salzgitter (SZG)

DZ Bank reissued their sell rating on shares of Salzgitter (ETR:SZG) in a report issued on Friday, June 22nd.

Several other analysts also recently weighed in on SZG. Baader Bank set a €38.50 ($44.77) target price on shares of Salzgitter and gave the company a neutral rating in a report on Friday, April 27th. Warburg Research set a €42.00 ($48.84) target price on shares of Salzgitter and gave the company a neutral rating in a report on Friday, April 27th. Nord/LB set a €52.00 ($60.47) target price on shares of Salzgitter and gave the company a buy rating in a report on Monday, March 19th. Commerzbank set a €54.00 ($62.79) target price on shares of Salzgitter and gave the company a neutral rating in a report on Friday, April 27th. Finally, Citigroup set a €50.00 ($58.14) target price on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, May 16th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of €43.68 ($50.78).

SZG stock opened at €37.35 ($43.43) on Friday. Salzgitter has a one year low of €29.74 ($34.58) and a one year 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.

Analyst Recommendations for Salzgitter (ETR:SZG)

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