Jefferies Financial Group set a €10.00 ($11.63) price objective on Salzgitter (ETR:SZG) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also weighed in on the stock. Morgan Stanley set a €19.00 ($22.09) target price on shares of Salzgitter and gave the stock a neutral rating in a report on Friday, January 10th. Nord/LB set a €17.00 ($19.77) price target on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, January 22nd. DZ Bank restated a neutral rating on shares of Salzgitter in a research report on Wednesday, January 15th. Independent Research set a €10.10 ($11.74) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, March 18th. Finally, Baader Bank set a €21.00 ($24.42) target price on Salzgitter and gave the stock a sell rating in a report on Monday, March 16th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has an average rating of Hold and a consensus price target of €16.34 ($19.00).
Shares of ETR SZG opened at €11.70 ($13.60) on Monday. The stock has a market cap of $589.55 million and a P/E ratio of -2.62. The firm has a 50 day moving average price of €13.62 and a 200 day moving average price of €16.47. The company has a debt-to-equity ratio of 36.32, a quick ratio of 1.02 and a current ratio of 2.03. Salzgitter has a 52-week low of €7.77 ($9.04) and a 52-week high of €31.51 ($36.64).
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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