Salzgitter (ETR:SZG) Hits New 12-Month Low at $18.65

Salzgitter AG (ETR:SZG)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as €18.65 ($21.68) and last traded at €18.91 ($21.99), with a volume of 45778 shares trading hands. The stock had previously closed at €19.39 ($22.55).

Several brokerages have commented on SZG. Oddo Bhf set a €22.00 ($25.58) target price on shares of Salzgitter and gave the company a “sell” rating in a research report on Wednesday, May 15th. DZ Bank reiterated a “neutral” rating on shares of Salzgitter in a research report on Tuesday, June 18th. Deutsche Bank set a €27.00 ($31.40) target price on shares of Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Nord/LB set a €28.00 ($32.56) target price on shares of Salzgitter and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Macquarie set a €18.00 ($20.93) target price on shares of Salzgitter and gave the company a “sell” rating in a research report on Monday, July 15th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €29.44 ($34.23).

The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23. The company’s 50-day simple moving average is €22.28. The stock has a market cap of $1.01 billion and a price-to-earnings ratio of 3.51.

About Salzgitter (ETR:SZG)

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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