Salzgitter’s (SZG) “Neutral” Rating Reaffirmed at DZ Bank

DZ Bank reaffirmed their neutral rating on shares of Salzgitter (ETR:SZG) in a research note published on Monday morning, Borsen Zeitung reports.

A number of other equities analysts have also weighed in on SZG. Deutsche Bank set a €14.00 ($16.28) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, March 18th. Morgan Stanley set a €19.00 ($22.09) price objective on Salzgitter and gave the stock a neutral rating in a research note on Friday, January 10th. Goldman Sachs Group set a €19.00 ($22.09) price objective on Salzgitter and gave the stock a neutral rating in a research note on Monday, March 16th. JPMorgan Chase & Co. set a €14.00 ($16.28) price objective on Salzgitter and gave the stock a sell rating in a research note on Monday, March 16th. Finally, Nord/LB set a €17.00 ($19.77) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Salzgitter has a consensus rating of Hold and a consensus price target of €16.34 ($19.00).

ETR SZG opened at €11.70 ($13.60) on Monday. The firm has a market cap of $632.82 million and a price-to-earnings ratio of -2.62. The company has a quick ratio of 1.02, a current ratio of 2.03 and a debt-to-equity ratio of 36.32. The business has a 50-day moving average price of €13.62 and a 200-day moving average price of €16.47. Salzgitter has a twelve month low of €7.77 ($9.04) and a twelve month high of €31.51 ($36.64).

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.

Featured Article: Diversification in Investing

Analyst Recommendations for Salzgitter (ETR:SZG)

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.