Deutsche Bank set a €27.00 ($31.40) price target on Salzgitter (ETR:SZG) in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently weighed in on SZG. Jefferies Financial Group set a €22.00 ($25.58) price target on Salzgitter and gave the stock a neutral rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. set a €19.00 ($22.09) price target on Salzgitter and gave the stock a sell rating in a report on Monday. Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter and gave the stock a neutral rating in a report on Monday. Independent Research set a €27.00 ($31.40) price target on Salzgitter and gave the stock a neutral rating in a report on Friday, June 14th. Finally, Commerzbank set a €26.00 ($30.23) price target on Salzgitter and gave the stock a neutral rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €24.88 ($28.93).
Shares of ETR SZG opened at €14.97 ($17.40) on Tuesday. 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 cap of $809.42 million and a PE ratio of 2.81. The business has a 50-day simple moving average of €20.62 and a two-hundred day simple moving average of €24.89. Salzgitter has a fifty-two week low of €16.96 ($19.72) and a fifty-two week high of €44.00 ($51.16).
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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