Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Hold” by Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPYGet Rating) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $36.29.

A number of research firms have issued reports on SZGPY. JPMorgan Chase & Co. boosted their target price on Salzgitter from €32.50 ($33.85) to €45.00 ($46.88) and gave the company a “neutral” rating in a research note on Wednesday, April 27th. Credit Suisse Group upped their price objective on Salzgitter from €20.00 ($20.83) to €33.00 ($34.38) in a research report on Tuesday, February 22nd. Zacks Investment Research raised Salzgitter from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Wednesday, May 4th. Morgan Stanley upped their price objective on Salzgitter from €41.50 ($43.23) to €43.00 ($44.79) in a research report on Monday, April 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Salzgitter from €35.00 ($36.46) to €42.00 ($43.75) in a research report on Thursday, March 24th.

OTCMKTS:SZGPY opened at $3.53 on Tuesday. Salzgitter has a 1 year low of $2.90 and a 1 year high of $5.16. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 3.63 and a beta of 1.17. The stock has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $3.83.

Salzgitter Company Profile (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.

Further Reading

Analyst Recommendations for Salzgitter (OTCMKTS:SZGPY)

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.