Salzgitter (ETR:SZG) received a €28.50 ($32.39) price target from stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective points to a potential downside of 21.53% from the stock’s current price.
SZG has been the topic of several other reports. Jefferies Financial Group set a €35.00 ($39.77) price objective on Salzgitter in a research report on Monday, December 20th. UBS Group set a €33.00 ($37.50) price objective on Salzgitter in a report on Thursday, November 11th. Nord/LB set a €40.00 ($45.45) price objective on Salzgitter in a report on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft set a €35.00 ($39.77) price objective on Salzgitter in a report on Monday, January 10th. Finally, Morgan Stanley set a €30.70 ($34.89) target price on Salzgitter in a research note on Thursday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Salzgitter currently has a consensus rating of “Hold” and an average target price of €31.52 ($35.82).
Shares of ETR SZG opened at €36.32 ($41.27) on Thursday. The firm has a market capitalization of $1.96 billion and a P/E ratio of 4.63. The company has a quick ratio of 0.86, a current ratio of 1.76 and a debt-to-equity ratio of 36.40. The stock’s 50-day simple moving average is €30.61 and its two-hundred day simple moving average is €30.03. Salzgitter has a twelve month low of €20.41 ($23.19) and a twelve month high of €35.08 ($39.86).
Salzgitter AG, 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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