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Citigroup reported on Steel Dynamics Inc. (NDAQ:STLD), scaling down its target to $41.00 today

Boasting a price of $33.26, Steel Dynamics Inc. (NDAQ:STLD) traded 0.57% higher on the day. With the last stock price close down -4.05% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Steel Dynamics Inc. has recorded a 50-day average of $34.70 and a two hundred day average of $35.00. Volume of trade was down over the average, with 1,125,580 shares of STLD changing hands under the typical 2,869,770

In a report issued 09/15/2017 Citigroup lowered the target price of Steel Dynamics Inc. (NDAQ:STLD) from $43.00 to $41.00 reporting a potential upside of 0.23%.

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Steel Dynamics Inc. (NDAQ:STLD)

Steel Dynamics Inc. has a 52 week low of $23.34 and a 52 week high of $40.17 with a P/E ratio of 15.42 Steel Dynamics Inc.’s market capitalization is currently $0.

Also covering Steel Dynamics Inc.'s price target, a total of 16 analysts have released a report on Steel Dynamics Inc.. The average stock price target is $27.63 with 3 brokerages rating the stock a strong buy, eleven equity analysts rating the company a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Steel Dynamics Inc. (NDAQ:STLD)

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations. It offers a range of steel products, such as sheet products, long products and steel finishing. The steel operations segment includes Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics. The metals recycling operations segment consists of OmniSource Corporation. The fabrication operations produce steel building components. The Other Operations segment consists of subsidiary operations and smaller joint ventures.

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