Nord/LB set a €17.00 ($19.77) price objective on Salzgitter (ETR:SZG) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently issued reports on SZG. Independent Research set a €17.90 ($20.81) target price on shares of Salzgitter and gave the company a neutral rating in a report on Friday, November 15th. Deutsche Bank set a €20.00 ($23.26) price target on Salzgitter and gave the stock a neutral rating in a research note on Thursday, November 14th. Morgan Stanley set a €24.00 ($27.91) price target on Salzgitter and gave the stock a neutral rating in a research note on Tuesday, September 24th. DZ Bank restated a neutral rating on shares of Salzgitter in a report on Monday. Finally, Goldman Sachs Group set a €19.00 ($22.09) price objective on Salzgitter and gave the company a neutral rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has an average rating of Hold and an average target price of €21.14 ($24.58).
SZG stock traded up €0.16 ($0.19) during trading on Tuesday, reaching €17.73 ($20.62). 371,033 shares of the company were exchanged, compared to its average volume of 273,405. The company has a market cap of $950.86 million and a P/E ratio of 4.30. Salzgitter has a 52-week low of €14.13 ($16.43) and a 52-week high of €35.58 ($41.37). The stock’s 50 day moving average price is €16.53 and its 200 day moving average price is €20.24. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.25 and a current ratio of 2.30.
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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