Goldman Sachs Group set a €21.00 ($24.42) target price on Salzgitter (ETR:SZG) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other analysts have also recently issued reports about the company. Commerzbank set a €26.00 ($30.23) target price on Salzgitter and gave the stock a neutral rating in a research note on Monday, August 12th. DZ Bank reissued a neutral rating on shares of Salzgitter in a research note on Thursday, September 26th. Baader Bank set a €30.00 ($34.88) target price on Salzgitter and gave the stock a neutral rating in a research note on Thursday, September 26th. Morgan Stanley set a €24.00 ($27.91) target price on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, September 24th. Finally, Kepler Capital Markets set a €13.00 ($15.12) target price on Salzgitter and gave the stock a sell rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €22.04 ($25.63).
Shares of ETR SZG traded down €0.63 ($0.73) during trading hours on Wednesday, hitting €17.52 ($20.37). The company’s stock had a trading volume of 689,631 shares, compared to its average volume of 273,405. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.25 and a current ratio of 2.30. The stock has a market cap of $947.34 million and a price-to-earnings ratio of 4.25. Salzgitter has a 12 month low of €14.13 ($16.43) and a 12 month high of €35.58 ($41.37). The business has a 50-day simple moving average of €16.33 and a 200-day simple moving average of €20.56.
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.
Further Reading: How to calculate compound interest
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.