S&P Equity Research set a €19.00 ($20.65) target price on Salzgitter AG (ETR:SZG) in a report published on Thursday morning, Market Beat.com reports. The firm currently has a a sell rating on the stock.

Shares of Salzgitter AG (ETR:SZG) opened at 18.969 on Thursday. Salzgitter AG has a 52 week low of €18.32 and a 52 week high of €36.25. The firm has a 50-day moving average of €21.28 and a 200 day moving average of €25.35.

SZG has been the subject of several other research reports. Kepler Capital Markets set a €30.00 ($32.61) price target on shares of Salzgitter AG and gave the company a buy rating in a research report on Friday, October 2nd. BNP Paribas set a €34.00 ($36.96) target price on shares of Salzgitter AG and gave the stock a neutral rating in a report on Tuesday, October 6th. Credit Suisse reissued a buy rating on shares of Salzgitter AG in a report on Tuesday, October 13th. Warburg Research set a €34.00 ($36.96) target price on shares of Salzgitter AG and gave the stock a buy rating in a report on Wednesday, September 30th. Finally, RBC Capital raised shares of Salzgitter AG from an underperform rating to a sector perform rating and reduced their target price for the stock from €23.00 ($25.00) to €22.00 ($23.91) in a report on Friday, December 18th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of €26.24 ($28.52).

Salzgitter AG is a Germany-based holding company for a group of more than 200 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plates, sheet piling, components for roofing and cladding, blanks and tailored blanks for a variety of applications. The Trading division covers the Group’s sales network for large-scale, medium-sized and small end customers. The Tubes division offers large-diameter tubes, high-frequency inductive (ETR:SZG) welded line pipes, cold-finished and seamless stainless steel tubes. The Services division provides services for the group and offers supply chain, logistics, research services and information technology services to external clients. The Technology division comprises several machine construction companies, including manufacturers of filling and packaging plants for beverages, food and non-food industries.

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