Baader Bank set a €21.00 ($24.42) price objective on Salzgitter (ETR:SZG) in a research report report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other analysts have also recently weighed in on the company. Kepler Capital Markets set a €13.00 ($15.12) price target on Salzgitter and gave the stock a sell rating in a report on Wednesday, October 2nd. Independent Research set a €17.90 ($20.81) price objective on shares of Salzgitter and gave the company a neutral rating in a report on Friday, November 15th. DZ Bank reiterated a neutral rating on shares of Salzgitter in a research report on Monday, November 18th. Morgan Stanley set a €24.00 ($27.91) price target on shares of Salzgitter and gave the company a neutral rating in a research report on Tuesday, September 24th. Finally, Goldman Sachs Group set a €19.00 ($22.09) price target on shares of Salzgitter and gave the stock a neutral rating in a report on Tuesday, November 19th. Five investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €20.49 ($23.83).
Salzgitter stock opened at €18.85 ($21.92) on Monday. The stock has a 50-day moving average price of €17.66 and a two-hundred day moving average price of €19.26. Salzgitter has a 12 month low of €14.13 ($16.43) and a 12 month high of €31.51 ($36.64). The company has a market capitalization of $1.00 billion and a PE ratio of 20.65. The company has a current ratio of 2.16, a quick ratio of 1.13 and a debt-to-equity ratio of 37.60.
Salzgitter Company Profile
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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