Salzgitter AG (SZG) Given a €22.00 Price Target by Goldman Sachs Analysts
Posted by Amy Steele on Jun 28th, 2016 // No Comments
Salzgitter AG logoSalzgitter AG (ETR:SZG) has been assigned a €22.00 ($24.18) price target by research analysts at Goldman Sachs in a research note issued on Tuesday. The brokerage presently has a a “sell” rating on the stock.
Several other equities analysts have also recently issued reports on SZG. Credit Suisse set a €17.00 ($18.68) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Monday, February 29th. Deutsche Bank set a €25.00 ($27.47) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Monday, February 29th. Independent Research GmbH set a €17.00 ($18.68) price target on Salzgitter AG and gave the company a “sell” rating in a report on Monday, February 29th. Berenberg Bank set a €25.00 ($27.47) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Thursday, March 3rd. Finally, Warburg Research set a €22.00 ($24.18) price target on Salzgitter AG and gave the company a “neutral” rating in a report on Thursday, March 10th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Salzgitter AG currently has an average rating of “Hold” and a consensus target price of €28.90 ($31.76).
Salzgitter AG (ETR:SZG) opened at 23.637 on Tuesday. The stock has a 50 day moving average price of €27.01 and a 200-day moving average price of €24.05. Salzgitter AG has a one year low of €16.90 and a one year high of €34.99.
Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.