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 report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the company a neutral rating in a research report on Tuesday, June 25th. 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 report on Monday. Nord/LB set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the company a buy rating in a research report on Tuesday, June 4th. Baader Bank set a €30.00 ($34.88) price objective on shares of Salzgitter and gave the company a neutral rating in a research report on Monday. Finally, Jefferies Financial Group set a €22.00 ($25.58) price objective on shares of Salzgitter and gave the company a neutral rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €24.88 ($28.93).

Shares of SZG opened at €14.97 ($17.40) on Tuesday. The company has a 50-day simple moving average of €20.62 and a 200-day simple moving average of €24.89. The firm has a market capitalization of $809.42 million and a P/E ratio of 2.81. The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06. Salzgitter has a 52 week low of €16.96 ($19.72) and a 52 week high of €44.00 ($51.16).

About Salzgitter

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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