Salzgitter (OTCMKTS:SZGPY) Given New €43.00 Price Target at Morgan Stanley

Salzgitter (OTCMKTS:SZGPYGet Rating) had its price target increased by Morgan Stanley from €41.50 ($45.11) to €43.00 ($46.74) in a research note published on Monday, The Fly reports.

SZGPY has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Salzgitter from €28.50 ($30.98) to €32.50 ($35.33) in a research note on Thursday, March 24th. Kepler Capital Markets upgraded shares of Salzgitter from a hold rating to a buy rating and set a €50.00 ($54.35) price objective on the stock in a research note on Wednesday, February 16th. Credit Suisse Group boosted their price objective on shares of Salzgitter from €20.00 ($21.74) to €33.00 ($35.87) in a research note on Tuesday, February 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Salzgitter from €35.00 ($38.04) to €42.00 ($45.65) in a research report on Thursday, March 24th. Finally, Zacks Investment Research raised Salzgitter from a hold rating to a buy rating and set a $4.50 price target for the company in a research report on Tuesday, February 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $34.17.

Shares of SZGPY stock opened at $4.60 on Monday. Salzgitter has a twelve month low of $2.90 and a twelve month high of $5.16. The stock has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $3.69. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 4.84 and a beta of 1.13.

About Salzgitter (Get Rating)

Salzgitter AG, 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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