Salzgitter AG (SZG) Given Average Recommendation of “Hold” by Brokerages
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.
TRADEMARK VIOLATION NOTICE: “Salzgitter AG (SZG) Given Average Recommendation of “Hold” by Brokerages” was originally published by Financial Market News and is the sole property of of Financial Market News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.financial-market-news.com/2017/06/18/salzgitter-ag-szg-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related companies with MarketBeat.com's FREE daily email newsletter.