Salzgitter, DE0006202005

UBS raised its target to EUR 71. Salzgitter stock falls 2.97 percent

Published on 10/20/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS raised its target to EUR 71 on October 9, 2026. Salzgitter stock costs EUR 46.65 on October 20, 2026 versus Xetra close of EUR 48.08.

Guidance and analyst revision

UBS upgraded Salzgitter to Buy and lifted its target to EUR 71 on October 9, 2026.
First-half EBITDA reached EUR 459 million, compared with EUR 117 million a year earlier.
Salzgitter stock trades at EUR 46.65 at 1:38 p.m. CEST at Lang & Schwarz on October 20, 2026, 2.97 percent below the Xetra close of October 19, 2026.
The nine-month results are scheduled for November 12, 2026.

Isometrisches Diagramm der Stahlproduktion von Rohstoff bis Fertigware — Isometrische 3D-Grafik der Stahl-Wertschöpfungskette zeigt Salzgitter AG, ISIN DE0006202005, Produktionsprozess Hochofen Walzstraße Diagramm, Illustration mit AI erstellt.

Salzgitter stock (ISIN DE0006202005) was trading at EUR 46.65 at Lang & Schwarz on October 20, 2026, down 2.97 percent versus the Xetra close of October 19, 2026 at EUR 48.08. On October 9, 2026, UBS raised its price target from EUR 56 to EUR 71 and upgraded the stock from Neutral to Buy, as MarketScreener reported.

Why did UBS raise its target?

UBS analyst Andrew Jones cited the prospect of higher European steel prices and described Salzgitter as a top pick in the sector. The note also pointed to potential value from selling part of the company's Aurubis or KHS holdings, according to MarketScreener.

Three results dates show the shift

On April 21, 2026, Salzgitter reported first-quarter revenue of EUR 2.3 billion and EBITDA VX of EUR 280 million, compared with EUR 79 million a year earlier, through an EQS release carried by 4investors. On July 17, 2026, first-half revenue reached EUR 4.6 billion, while EBITDA VX rose to EUR 459 million from EUR 117 million, according to another EQS release published by 4investors. The UBS target revision on October 9, 2026 is the latest of these three dated developments.

What comes next for Salzgitter?

The company plans to publish its nine-month 2026 results on November 12, 2026, with an audiocast at 10:00 a.m., according to the Salzgitter investor-relations page. The same calendar lists publication of the 2026 consolidated financial statements and the annual press conference for March 18, 2027. The next report will test whether the first-half improvement is translating into sustained operating momentum.

Stock trades below the latest close

At EUR 46.65, the Lang & Schwarz quote was 2.97 percent below the Xetra close of EUR 48.08 on October 20, 2026. The finance snapshot also places Salzgitter's 52-week range at EUR 26.66 to EUR 67.60 and its market capitalization at EUR 2.6 billion as of October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Salzgitter stock.