Salzgitter (ETR:SZG) has been given a €28.00 ($32.56) price target by Goldman Sachs Group in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target indicates a potential upside of 14.85% from the company’s previous close.
Several other equities analysts also recently commented on the company. Independent Research set a €28.00 ($32.56) target price on Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, March 26th. Deutsche Bank set a €38.00 ($44.19) price target on Salzgitter and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Nord/LB set a €32.00 ($37.21) price target on Salzgitter and gave the stock a “buy” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. set a €26.50 ($30.81) price target on Salzgitter and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, DZ Bank reissued a “neutral” rating on shares of Salzgitter in a research report on Monday, March 18th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of €31.68 ($36.83).
Salzgitter stock opened at €24.38 ($28.35) on Wednesday. Salzgitter has a 12 month low of €22.70 ($26.40) and a 12 month high of €45.09 ($52.43). The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06. The company has a market capitalization of $1.32 billion and a PE ratio of 4.57.
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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