Salzgitter AG (ETR:SZG) has received a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is €35.53 ($39.92).

SZG has been the subject of a number of recent research reports. Royal Bank Of Canada set a €40.00 ($44.94) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research note on Monday, February 20th. Baader Bank set a €38.50 ($43.26) price objective on shares of Salzgitter AG and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Barclays PLC set a €29.00 ($32.58) price objective on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Wednesday, February 22nd. Credit Suisse Group set a €35.00 ($39.33) price objective on shares of Salzgitter AG and gave the company a “sell” rating in a research note on Friday, February 24th. Finally, Berenberg Bank set a €37.00 ($41.57) price objective on shares of Salzgitter AG and gave the company a “buy” rating in a research note on Friday, February 24th.

Shares of Salzgitter AG (ETR SZG) traded down 1.495% during midday trading on Tuesday, hitting €32.886. The company had a trading volume of 700 shares. The company has a market capitalization of €1.78 billion and a price-to-earnings ratio of 17.539. Salzgitter AG has a 12-month low of €22.67 and a 12-month high of €38.04. The company’s 50-day moving average price is €33.35 and its 200 day moving average price is €34.07.

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About Salzgitter AG

Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions.

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