Jefferies Financial Group set a €10.00 ($11.63) price objective on Salzgitter (ETR:SZG) in a research note issued to investors on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other brokerages have also issued reports on SZG. JPMorgan Chase & Co. set a €14.00 ($16.28) price target on Salzgitter and gave the company a sell rating in a research note on Monday, March 16th. DZ Bank reissued a neutral rating on shares of Salzgitter in a research note on Wednesday, January 15th. Goldman Sachs Group set a €19.00 ($22.09) price target on Salzgitter and gave the company a neutral rating in a research note on Monday, March 16th. Morgan Stanley set a €19.00 ($22.09) price target on Salzgitter and gave the company a neutral rating in a research note on Friday, January 10th. Finally, Baader Bank set a €21.00 ($24.42) price target on Salzgitter and gave the company a sell rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Salzgitter has an average rating of Hold and a consensus price target of €16.34 ($19.00).
Shares of SZG opened at €11.70 ($13.60) on Monday. Salzgitter has a 52-week low of €7.77 ($9.04) and a 52-week high of €31.51 ($36.64). The company has a debt-to-equity ratio of 36.32, a quick ratio of 1.02 and a current ratio of 2.03. The business’s 50 day moving average price is €13.62 and its two-hundred day moving average price is €16.47. The firm has a market cap of $632.82 million and a PE ratio of -2.62.
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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