Salzgitter (SZG) Given a €38.00 Price Target at Deutsche Bank

Deutsche Bank set a €38.00 ($44.19) price target on Salzgitter (ETR:SZG) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on SZG. Baader Bank set a €30.00 ($34.88) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, May 15th. Independent Research set a €28.00 ($32.56) price objective on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, March 26th. Goldman Sachs Group set a €27.50 ($31.98) price objective on Salzgitter and gave the stock a neutral rating in a research note on Monday, April 29th. Jefferies Financial Group set a €28.00 ($32.56) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, February 27th. Finally, Oddo Bhf set a €22.00 ($25.58) price objective on Salzgitter and gave the stock a sell rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of €32.12 ($37.35).

Shares of ETR SZG opened at €25.67 ($29.85) on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 21.55. Salzgitter has a 1-year low of €23.37 ($27.17) and a 1-year high of €49.67 ($57.76). The company has a market cap of $1.39 billion and a price-to-earnings ratio of 5.35.

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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