Deutsche Bank set a €17.00 ($19.77) target price on Salzgitter (ETR:SZG) in a report issued on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other brokerages have also recently weighed in on SZG. JPMorgan Chase & Co. set a €14.00 ($16.28) price target on shares of Salzgitter and gave the stock a sell rating in a research note on Tuesday, December 17th. Nord/LB set a €17.00 ($19.77) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Tuesday, November 19th. Baader Bank set a €21.00 ($24.42) price target on shares of Salzgitter and gave the stock a neutral rating in a research note on Monday, December 9th. Macquarie set a €16.00 ($18.60) price target on shares of Salzgitter and gave the stock a sell rating in a research note on Tuesday, September 24th. Finally, Kepler Capital Markets set a €13.00 ($15.12) price target on shares of Salzgitter and gave the stock a sell rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company has a consensus rating of Hold and an average price target of €19.15 ($22.27).
Shares of ETR:SZG opened at €18.04 ($20.97) on Wednesday. The stock has a market cap of $975.46 million and a P/E ratio of 19.75. The firm has a fifty day moving average price of €19.15 and a 200 day moving average price of €18.57. The company has a debt-to-equity ratio of 37.60, a current ratio of 2.16 and a quick ratio of 1.13. Salzgitter has a 1-year low of €14.13 ($16.43) and a 1-year high of €31.51 ($36.64).
Salzgitter Company Profile
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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