Salzgitter (OTCMKTS:SZGPY) PT Raised to €21.20

Salzgitter (OTCMKTS:SZGPYGet Rating) had its price objective increased by JPMorgan Chase & Co. from €18.60 ($20.22) to €21.20 ($23.04) in a research report issued on Thursday, The Fly reports. The firm currently has an “underweight” rating on the basic materials company’s stock.

Several other equities analysts also recently commented on SZGPY. Kepler Capital Markets downgraded Salzgitter from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Salzgitter from €30.00 ($32.61) to €34.00 ($36.96) and gave the company a “hold” rating in a report on Monday, November 14th. Finally, Morgan Stanley boosted their target price on shares of Salzgitter from €31.50 ($34.24) to €32.90 ($35.76) and gave the company an “equal weight” rating in a report on Thursday, December 8th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to, the company presently has a consensus rating of “Hold” and a consensus price target of $33.34.

Salzgitter Stock Performance

Salzgitter stock opened at $3.96 on Thursday. Salzgitter has a 12 month low of $1.86 and a 12 month high of $5.16. The business’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $2.58.

Salzgitter Company Profile

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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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