Trading Report: The Morgan Stanley Reiterates €30.50 Price Target for Salzgitter AG (SZG)

The Morgan Stanley Reiterates €30.50 Price Target for Salzgitter AG (SZG)

Morgan Stanley set a €30.50 ($33.89) price objective on Salzgitter AG (ETR:SZG) in a research note published on Monday. The firm currently has a a neutral rating on the stock.

A number of other equities analysts have also commented on the stock. Deutsche Bank AG restated a buy rating on shares of Salzgitter AG in a research report on Wednesday, August 17th. Commerzbank AG set a €22.00 ($24.44) price objective on shares of Salzgitter AG and gave the company a sell rating in a research report on Wednesday, August 31st. DZ Bank AG restated a neutral rating on shares of Salzgitter AG in a research report on Tuesday, July 12th. Warburg Research set a €27.00 ($30.00) price objective on shares of Salzgitter AG and gave the company a neutral rating in a research report on Friday, September 23rd. Finally, Goldman Sachs Group Inc. set a €22.00 ($24.44) price objective on shares of Salzgitter AG and gave the company a sell rating in a research report on Tuesday, June 28th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of €29.76 ($33.07).

Salzgitter AG (ETR:SZG) opened at 31.263 on Monday. The firm’s market capitalization is €1.69 billion. The company’s 50-day moving average is €28.83 and its 200-day moving average is €27.45. Salzgitter AG has a 52-week low of €16.90 and a 52-week high of €32.40.

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