Jefferies Financial Group Analysts Give Salzgitter (ETR:SZG) a €43.00 Price Target

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Salzgitter (ETR:SZG) has been given a €43.00 ($50.00) price target by analysts at Jefferies Financial Group in a research note issued to investors on Monday, October 15th. The firm presently has a “neutral” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 25.36% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Independent Research set a €43.00 ($50.00) price objective on Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Commerzbank set a €54.00 ($62.79) price objective on Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Kepler Capital Markets set a €47.00 ($54.65) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Nord/LB set a €48.00 ($55.81) price objective on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, Goldman Sachs Group set a €52.00 ($60.47) price objective on shares of Salzgitter and gave the company a “buy” rating in a report on Wednesday, September 19th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €42.38 ($49.27).

Shares of ETR SZG traded down €1.73 ($2.01) during midday trading on Monday, hitting €34.30 ($39.88). 302,974 shares of the stock traded hands, compared to its average volume of 273,405. Salzgitter has a one year low of €29.74 ($34.58) and a one year high of €52.40 ($60.93).

About Salzgitter

Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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