Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter (ETR:SZG) in a research note released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research firms have also recently issued reports on SZG. Jefferies Financial Group set a €22.00 ($25.58) price target on Salzgitter and gave the company a neutral rating in a report on Wednesday, July 17th. Independent Research set a €27.00 ($31.40) price target on Salzgitter and gave the company a neutral rating in a report on Friday, June 14th. Deutsche Bank set a €27.00 ($31.40) price target on Salzgitter and gave the company a neutral rating in a report on Wednesday, July 17th. Macquarie set a €18.00 ($20.93) price target on Salzgitter and gave the company a sell rating in a report on Monday, July 15th. Finally, DZ Bank reaffirmed a neutral rating on shares of Salzgitter in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Salzgitter currently has an average rating of Hold and an average price target of €24.88 ($28.93).
ETR SZG opened at €14.97 ($17.40) on Monday. The stock has a market capitalization of $809.42 million and a P/E ratio of 2.81. Salzgitter has a 1 year low of €16.96 ($19.72) and a 1 year high of €44.00 ($51.16). The business’s fifty day moving average is €20.62 and its two-hundred day moving average is €24.89. The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06.
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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