Salzgitter (ETR:SZG) Rating Reaffirmed
Frankfurt: In an analyst note revealed to clients on Friday morning, Credit Suisse Group kept steady their “Neutral” rating on Salzgitter (ETR:SZG) shares. They now have a EUR 27.00 Estimated Target Price on the company. Credit Suisse Group’s target gives a potential upside of 17.09% from the company’s last close price.
From a total of 16 analysts covering Salzgitter (ETR:SZG) stock, 7 rate it a ”Buy”, 5 a “Sell”, and 4 a ”Hold”. This means that 44% 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 €32.05 with a 38.86% above today’s (€23.08) stock price. Salzgitter was the topic of 41 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on November 26 to “Buy” rating. Commerzbank downgraded shares to “Reduce” rating and €21 target share price in a report from a November 7. Independent Research maintained SZG stock in a recent report from November 18 with “Hold” rating. Bankhaus Lampe upgraded the rating on November 7. Bankhaus Lampe has a “Buy” rating and a €42 price target on shares. Finally, S&P Research downgraded the stock to “Sell” rating in a report issued on a November 13.
The stock increased 0.17% or EUR 0.04 on November 26, striking EUR 23.08. Approximately 769,323 shares of stock traded hands or 81.37% up from the average. Salzgitter AG (ETR:SZG) has declined 9.10% since April 21, 2015 and is downtrending. It has underperformed by 7.74% 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 1.39 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.