Trade Report: Today, Salzgitter AG (SZG) PT Set at €30.00 by JPMorgan Chase & Co.

Today, Salzgitter AG (SZG) PT Set at €30.00 by JPMorgan Chase & Co.

Salzgitter AG (ETR:SZG) has been given a €30.00 ($32.26) price target by analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock.

Other analysts also recently issued research reports about the company. Barclays PLC set a €23.00 ($24.73) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Friday, October 21st. Baader Bank set a €26.00 ($27.96) target price on Salzgitter AG and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Jefferies Group set a €34.00 ($36.56) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Deutsche Bank AG set a €41.00 ($44.09) target price on Salzgitter AG and gave the stock a “buy” rating in a research report on Thursday, October 27th. Finally, Goldman Sachs Group Inc. set a €26.50 ($28.49) target price on Salzgitter AG and gave the stock a “sell” rating in a research report on Thursday, October 13th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Salzgitter AG currently has an average rating of “Hold” and a consensus price target of €29.70 ($31.94).

Salzgitter AG (ETR:SZG) opened at 30.691 on Wednesday. The company’s market capitalization is €1.66 billion. Salzgitter AG has a 12-month low of €16.90 and a 12-month high of €32.40. The firm’s 50 day moving average price is €29.71 and its 200-day moving average price is €27.90.

About Salzgitter AG

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.

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