Salzgitter (ETR:SZG) Given a €14.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €14.00 ($16.28) price objective on Salzgitter (ETR:SZG) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other equities research analysts also recently weighed in on the company. DZ Bank restated a neutral rating on shares of Salzgitter in a research report on Monday, November 18th. Macquarie set a €16.00 ($18.60) price target on Salzgitter and gave the company a sell rating in a research report on Tuesday, September 24th. Jefferies Financial Group set a €13.50 ($15.70) price target on Salzgitter and gave the company a sell rating in a research report on Wednesday, November 13th. Goldman Sachs Group set a €19.00 ($22.09) price target on Salzgitter and gave the company a neutral rating in a research report on Tuesday, November 19th. Finally, Nord/LB set a €17.00 ($19.77) price target on Salzgitter and gave the company a neutral rating in a research report on Tuesday, November 19th. Six research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Salzgitter currently has an average rating of Hold and an average price target of €19.15 ($22.27).

ETR SZG opened at €16.30 ($18.95) on Tuesday. The stock’s 50-day simple moving average is €19.12 and its two-hundred day simple moving average is €18.45. Salzgitter has a twelve month low of €14.13 ($16.43) and a twelve month high of €31.51 ($36.64). The company has a quick ratio of 1.13, a current ratio of 2.16 and a debt-to-equity ratio of 37.60. The company has a market capitalization of $886.76 million and a price-to-earnings ratio of 17.85.

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.

Featured Article: What is meant by buying and selling pressure?

Analyst Recommendations for Salzgitter (ETR:SZG)

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.