Shares of Salzgitter AG (ETR:SZG) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is €26.81 ($31.54).
SZG has been the subject of a number of research analyst reports. Independent Research set a €25.00 ($29.41) price target on Salzgitter and gave the company a “neutral” rating in a research report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft set a €25.00 ($29.41) price target on Salzgitter and gave the company a “neutral” rating in a research report on Friday, April 16th. Nord/LB set a €32.00 ($37.65) target price on Salzgitter and gave the stock a “buy” rating in a research report on Thursday, April 15th. Credit Suisse Group set a €17.00 ($20.00) target price on Salzgitter and gave the stock a “sell” rating in a research report on Monday, January 18th. Finally, Baader Bank set a €35.00 ($41.18) target price on Salzgitter and gave the stock a “buy” rating in a research report on Wednesday.
SZG stock traded up €0.04 ($0.05) during mid-day trading on Thursday, reaching €26.18 ($30.80). 134,447 shares of the company traded hands, compared to its average volume of 273,405. The company has a debt-to-equity ratio of 46.20, a current ratio of 1.92 and a quick ratio of 0.99. The company has a market capitalization of $1.42 billion and a P/E ratio of -5.10. Salzgitter has a 52-week low of €8.51 ($10.01) and a 52-week high of €28.60 ($33.65). The company has a fifty day moving average price of €25.60 and a 200-day moving average price of €20.55.
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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