Baader Bank set a €30.00 ($34.88) price target on Salzgitter (ETR:SZG) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
SZG has been the subject of a number of other research reports. DZ Bank reiterated a neutral rating on shares of Salzgitter in a research report on Thursday, September 26th. Goldman Sachs Group set a €21.00 ($24.42) target price on shares of Salzgitter and gave the stock a neutral rating in a research report on Wednesday. Nord/LB set a €15.00 ($17.44) target price on shares of Salzgitter and gave the stock a neutral rating in a research report on Monday, September 30th. Morgan Stanley set a €24.00 ($27.91) target price on shares of Salzgitter and gave the stock a neutral rating in a research report on Tuesday, September 24th. Finally, Kepler Capital Markets set a €13.00 ($15.12) target price on shares of Salzgitter and gave the stock a sell rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has an average rating of Hold and an average price target of €21.14 ($24.58).
SZG stock traded up €0.37 ($0.43) during midday trading on Wednesday, reaching €17.89 ($20.80). The company had a trading volume of 330,208 shares, compared to its average volume of 273,405. Salzgitter has a 1 year low of €14.13 ($16.43) and a 1 year high of €35.58 ($41.37). 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 capitalization of $947.34 million and a P/E ratio of 4.34. The company has a 50 day moving average of €16.35 and a two-hundred day moving average of €20.49.
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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