Deutsche Bank set a €27.00 ($31.40) price objective on Salzgitter (ETR:SZG) in a report issued on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other equities research analysts have also issued research reports about the company. Commerzbank set a €26.00 ($30.23) price target on Salzgitter and gave the stock a neutral rating in a research note on Monday, August 12th. Macquarie set a €18.00 ($20.93) price target on Salzgitter and gave the stock a sell rating in a research note on Monday, July 15th. Independent Research set a €18.70 ($21.74) price target on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, August 13th. Morgan Stanley set a €28.00 ($32.56) price target on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, June 25th. Finally, Oddo Bhf set a €22.00 ($25.58) price target on Salzgitter and gave the stock a sell rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Salzgitter has a consensus rating of Hold and an average price target of €24.61 ($28.62).
Shares of SZG stock opened at €15.87 ($18.45) on Monday. Salzgitter has a fifty-two week low of €14.46 ($16.81) and a fifty-two week high of €44.00 ($51.16). The firm has a market capitalization of $858.37 million and a price-to-earnings ratio of 3.85. 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’s 50-day simple moving average is €19.27 and its 200-day simple moving average is €24.53.
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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