Salzgitter (ETR:SZG) Rating Reaffirmed
Recently, In a note issued to clients on 28 November, Salzgitter (ETR:SZG) shares have had their “Hold” Rating reaffirmed by research professionals at Independent Research GmbH, who currently has a EUR 24.00 PT on company. This target by Independent Research GmbH would now indicate the possibile upside of 4.85% from the last close price.
From a total of 16 analysts covering Salzgitter (ETR:SZG) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is €45 while the lowest target price is €21. The mean of all analyst targets is €30.85 with a 34.72% above today’s (€22.9) stock price. Salzgitter was the topic of 43 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on November 28 with “Hold” rating. S&P Research downgraded shares to “Sell” rating and €22 target share price in a report from a November 13. Kepler Cheuvreux upgraded SZG stock in a recent report from November 26 to “Buy” rating. Commerzbank downgraded the rating on November 7. Commerzbank has a “Reduce” rating and a €21 price target on shares. Finally, DZ-Bank AG downgraded the stock to “Sell” rating in a report issued on a November 14.
The stock decreased 0.78% or EUR 0.18 on November 27, striking EUR 22.9. Approximately 309,973 shares of stock traded hands. Salzgitter AG (ETR:SZG) has declined 3.03% since April 20, 2015 and is downtrending. It has underperformed by 2.14% the S&P500.
Salzgitter AG is a Germany-based holding firm for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The company has a market cap of 1.38 billion EUR. The Firm operates through five divisions. It currently has negative earnings. The Steel division makes flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications.