Salzgitter AG (ETR:SZG) has been assigned a €27.00 ($29.35) price objective by analysts at Nord/LB in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a a “buy” rating on the stock.

Salzgitter AG (ETR:SZG) traded down 5.058% during midday trading on Monday, reaching €18.657. The company’s stock had a trading volume of 5,550 shares. Salzgitter AG has a 1-year low of €18.32 and a 1-year high of €36.25. The company’s 50-day moving average price is €21.34 and its 200-day moving average price is €25.56.

Several other equities analysts also recently commented on the company. Credit Suisse reaffirmed a “buy” rating on shares of Salzgitter AG in a research report on Tuesday, October 13th. BNP Paribas set a €29.00 ($31.52) target price on Salzgitter AG and gave the company a “neutral” rating in a research report on Thursday, October 15th. Berenberg Bank assumed coverage on Salzgitter AG in a research report on Wednesday, October 14th. They issued a “buy” rating and a €40.00 ($43.48) target price on the stock. Goldman Sachs set a €23.50 ($25.54) price target on Salzgitter AG and gave the stock a “sell” rating in a research report on Thursday, October 8th. Finally, Jefferies Group set a €22.00 ($23.91) price target on Salzgitter AG and gave the stock a “sell” rating in a research report on Tuesday, October 20th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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