Independent Research Analysts Give Salzgitter (ETR:SZG) a €18.70 Price Target
Independent Research set a €18.70 ($21.74) price objective on Salzgitter (ETR:SZG) in a research note released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other analysts have also recently commented on the stock. Commerzbank set a €26.00 ($30.23) price target on shares of Salzgitter and gave the company a neutral rating in a research note on Monday. Oddo Bhf set a €22.00 ($25.58) price objective on shares of Salzgitter and gave the company a sell rating in a research note on Wednesday, May 15th. Deutsche Bank set a €27.00 ($31.40) price objective on shares of Salzgitter and gave the company a neutral rating in a research note on Tuesday. Goldman Sachs Group set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the company a neutral rating in a research note on Monday. Finally, JPMorgan Chase & Co. set a €19.00 ($22.09) price objective on shares of Salzgitter and gave the company a sell rating in a research note on Monday. Four analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The company presently has a consensus rating of Hold and an average target price of €24.88 ($28.93).
SZG opened at €14.97 ($17.40) on Tuesday. Salzgitter has a one year low of €16.96 ($19.72) and a one year high of €44.00 ($51.16). The company has a debt-to-equity ratio of 24.23, a current ratio of 2.06 and a quick ratio of 1.08. The company’s 50 day simple moving average is €20.62 and its 200-day simple moving average is €24.89. The stock has a market capitalization of $809.42 million and a P/E ratio of 2.81.
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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