Deutsche Bank set a €27.00 ($31.40) price target on Salzgitter (ETR:SZG) in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other analysts have also commented on the company. DZ Bank reissued a neutral rating on shares of Salzgitter in a report on Tuesday, June 18th. Morgan Stanley set a €28.00 ($32.56) price objective on Salzgitter and gave the company a neutral rating in a report on Tuesday, June 25th. JPMorgan Chase & Co. set a €19.00 ($22.09) price objective on Salzgitter and gave the company a sell rating in a report on Monday. Independent Research set a €27.00 ($31.40) price objective on Salzgitter and gave the company a neutral rating in a report on Friday, June 14th. Finally, Goldman Sachs Group set a €28.00 ($32.56) price objective on Salzgitter and gave the company a neutral rating in a report on Monday. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of €24.88 ($28.93).
Shares of SZG opened at €14.97 ($17.40) on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23. Salzgitter has a 12 month low of €16.96 ($19.72) and a 12 month high of €44.00 ($51.16). The stock’s 50 day moving average is €20.62 and its two-hundred day moving average is €24.89. The firm has a market cap of $809.42 million and a P/E ratio of 2.81.
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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