Salzgitter (ETR:SZG – Get Rating) received a €55.00 ($58.51) price objective from stock analysts at Jefferies Financial Group in a report released on Wednesday, Borsen Zeitung reports. Jefferies Financial Group’s price target points to a potential upside of 48.09% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Credit Suisse Group set a €30.00 ($31.91) target price on Salzgitter in a research note on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft set a €35.00 ($37.23) price target on Salzgitter in a report on Thursday, February 3rd. Baader Bank set a €45.00 ($47.87) price target on Salzgitter in a report on Thursday, May 12th. Deutsche Bank Rese… set a €43.00 ($45.74) price target on Salzgitter in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. set a €44.00 ($46.81) price target on Salzgitter in a report on Wednesday, May 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Salzgitter has an average rating of “Hold” and an average target price of €39.61 ($42.14).
Shares of SZG opened at €37.14 ($39.51) on Wednesday. The business’s 50 day moving average is €39.86 and its 200 day moving average is €35.09. The company has a market capitalization of $2.01 billion and a PE ratio of 2.30. Salzgitter has a 12-month low of €22.78 ($24.23) and a 12-month high of €48.76 ($51.87). The company has a current ratio of 1.74, a quick ratio of 0.92 and a debt-to-equity ratio of 37.69.
About Salzgitter (Get Rating)
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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