Salzgitter (ETR:SZG) PT Set at €18.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €18.00 ($20.93) price objective on Salzgitter (ETR:SZG) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Other analysts have also issued research reports about the company. Baader Bank set a €30.00 ($34.88) price target on Salzgitter and gave the company a neutral rating in a research note on Monday, August 12th. Commerzbank set a €26.00 ($30.23) price objective on Salzgitter and gave the stock a neutral rating in a research note on Monday, August 12th. Independent Research set a €18.70 ($21.74) price objective on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, August 13th. Nord/LB set a €17.00 ($19.77) price objective on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, August 13th. 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 equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Salzgitter currently has an average rating of Hold and an average target price of €24.21 ($28.16).

SZG stock traded up €0.69 ($0.80) during trading on Thursday, hitting €18.98 ($22.07). The company had a trading volume of 293,763 shares, compared to its average volume of 273,405. The company has a fifty day moving average price of €17.67 and a two-hundred day moving average price of €23.92. The company has a current ratio of 2.30, a quick ratio of 1.25 and a debt-to-equity ratio of 40.20. The company has a market cap of $1.02 billion and a P/E ratio of 4.60. Salzgitter has a fifty-two week low of €14.46 ($16.81) and a fifty-two week high of €44.00 ($51.16).

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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