Nord/LB set a €17.00 ($19.77) price objective on Salzgitter (ETR:SZG) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently commented on SZG. Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter and gave the stock a neutral rating in a research note on Monday. Morgan Stanley set a €28.00 ($32.56) price target on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, June 25th. DZ Bank reiterated a neutral rating on shares of Salzgitter in a research note on Tuesday. JPMorgan Chase & Co. set a €19.00 ($22.09) price target on Salzgitter and gave the stock a sell rating in a research note on Monday. Finally, Oddo Bhf set a €22.00 ($25.58) price target on Salzgitter and gave the stock a sell rating in a research note on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The stock has an average rating of Hold and an average price target of €24.88 ($28.93).
ETR:SZG opened at €14.97 ($17.40) on Tuesday. The company has a market capitalization of $809.42 million and a price-to-earnings ratio of 2.81. Salzgitter has a one year low of €16.96 ($19.72) and a one year high of €44.00 ($51.16). The stock has a 50-day simple moving average of €20.62 and a 200 day simple moving average of €24.89. The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06.
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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