Salzgitter (ETR:SZG) Stock Upgrade
Salzgitter (ETR:SZG) shares were boosted by professional analysts at Joh. Berenberg Gossler & Co. KG to a solid Buy rating in a recent research report issued today. Analysts after the upgrade have a EUR 40.00 target price per share on the shares. Joh. Berenberg Gossler & Co. KG’s target price per share would suggest a possible upside of 89.84%.
From a total of 17 analysts covering Salzgitter (ETR:SZG) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 6 a ”Hold”. This means that 35% 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 €29.89 with a 41.79% above today’s (€21.08) stock price. Salzgitter was the topic of 45 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on December 10 with “Neutral” rating. Landesbank upgraded shares to “Buy” rating and €33 target share price in a report from a November 19. Independent Research maintained SZG stock in a recent report from November 28 with “Hold” rating. S&P Research downgraded the rating on November 13. S&P Research has a “Sell” rating and a €22 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on a November 26.
The stock decreased 6.52% or EUR 1.47 on December 11, striking EUR 21.08. Approximately 757,952 shares of stock traded hands or 51.45% up from the average. Salzgitter AG (ETR:SZG) has declined 30.35% since May 11, 2015 and is downtrending. It has underperformed by 27.33% 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 1.23 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.