Salzgitter (ETR:SZG)‘s stock had its “neutral” rating reiterated by analysts at DZ Bank in a research note issued to investors on Monday, Borsen Zeitung reports.
Several other brokerages have also recently weighed in on SZG. Jefferies Financial Group set a €13.50 ($15.70) target price on Salzgitter and gave the stock a “sell” rating in a report on Wednesday, November 13th. Nord/LB set a €15.00 ($17.44) price objective on Salzgitter and gave the company a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. set a €14.00 ($16.28) price objective on Salzgitter and gave the company a “sell” rating in a report on Monday, November 11th. Baader Bank set a €30.00 ($34.88) price objective on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Deutsche Bank set a €20.00 ($23.26) price objective on Salzgitter and gave the company a “neutral” rating in a report on Thursday. Five investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €21.14 ($24.58).
Shares of Salzgitter stock traded down €0.51 ($0.59) on Monday, hitting €17.38 ($20.20). 469,220 shares of the company were exchanged, compared to its average volume of 273,405. The stock has a market capitalization of $959.24 million and a price-to-earnings ratio of 4.21. The company has a 50-day moving average price of €16.35 and a 200 day moving average price of €20.49. Salzgitter has a 1-year low of €14.13 ($16.43) and a 1-year high of €35.58 ($41.37). The company has a quick ratio of 1.25, a current ratio of 2.30 and a debt-to-equity ratio of 40.20.
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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