Salzgitter (ETR:SZG) Upgrade
Salzgitter (ETR:SZG) was upgraded by Deutsche Bank AG to “Buy” rating in an analyst note issued to investors and clients on 14 January. The firm from today has EUR 42.00 target price on the stock. Deutsche Bank AG’s target is 18.51 % from SZG’s last price.
This stock rating upgrade is well received by stock traders, as ETR:SZG is right now trading 1.04% higher at EUR 35.51 as of 12:02 AM Frankfurt time. Salzgitter’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has added 10.43% in the same time period.
Salzgitter (ETR:SZG) Profile
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions. The Plate/Section Steel segment includes Ilsenburger Grobblech GmbH, Salzgitter Mannesmann Grobblech, Peiner Traeger GmbH and HSP Hoesch Spundwand und Profil GmbH and provides various pig iron, steel and steel products.
Salzgitter (ETR:SZG) traded up 1.04% on 14 January, hitting EUR 35.51. A total of 213,959 shares of the company’s stock traded hands. This is down from average of 241,695 shares. Salzgitter has a 52 week low of EUR 16.81 and a 52 week high of EUR 35.73. The company has a market cap of 2.13 billion EUR and a P/E ratio of 465.76.
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