Commerzbank set a €26.00 ($30.23) target price on Salzgitter (ETR:SZG) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other analysts have also recently commented on the stock. Deutsche Bank set a €27.00 ($31.40) target price on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, July 17th. Jefferies Financial Group set a €22.00 ($25.58) price target on Salzgitter and gave the stock a neutral rating in a research report on Wednesday, July 17th. DZ Bank reaffirmed a neutral rating on shares of Salzgitter in a research report on Tuesday, June 18th. Oddo Bhf set a €22.00 ($25.58) price target on Salzgitter and gave the stock a sell rating in a research report on Wednesday, May 15th. Finally, Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter and gave the stock a neutral rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of €24.88 ($28.93).
Shares of SZG stock opened at €14.97 ($17.40) on Monday. Salzgitter has a 12 month low of €16.96 ($19.72) and a 12 month high of €44.00 ($51.16). The stock has a market cap of $809.42 million and a PE ratio of 2.81. The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23. The company’s fifty day moving average price is €20.62 and its 200-day moving average price is €24.89.
Salzgitter Company Profile
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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