Analysts Set Salzgitter AG (SZG) Target Price at $33.32

Salzgitter AG (ETR:SZG) has been given a consensus rating of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is €33.32 ($38.75).

A number of analysts have recently issued reports on the company. Macquarie set a €31.00 ($36.05) target price on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, December 5th. DZ Bank reiterated a “neutral” rating on shares of Salzgitter in a report on Monday, March 18th. Goldman Sachs Group set a €30.00 ($34.88) target price on Salzgitter and gave the stock a “neutral” rating in a report on Thursday, January 31st. Deutsche Bank set a €40.00 ($46.51) target price on Salzgitter and gave the stock a “buy” rating in a report on Thursday, January 10th. Finally, Nord/LB set a €36.00 ($41.86) target price on Salzgitter and gave the stock a “buy” rating in a report on Monday, December 10th.

Shares of ETR:SZG traded up €0.63 ($0.73) during trading on Wednesday, reaching €28.59 ($33.24). 211,011 shares of the stock were exchanged, compared to its average volume of 273,405. The company has a debt-to-equity ratio of 21.55, a quick ratio of 1.09 and a current ratio of 2.06. Salzgitter has a 12-month low of €23.37 ($27.17) and a 12-month high of €49.67 ($57.76). The stock has a market capitalization of $1.55 billion and a P/E ratio of 5.96.

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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