Salzgitter (ETR:SZG) received a €17.00 ($19.77) price target from Nord/LB in a note issued to investors on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Nord/LB’s target price points to a potential upside of 10.79% from the company’s previous close.
A number of other equities analysts also recently issued reports on SZG. DZ Bank reaffirmed a “neutral” rating on shares of Salzgitter in a report on Wednesday, January 15th. Baader Bank set a €21.00 ($24.42) price target on Salzgitter and gave the company a “sell” rating in a report on Tuesday, January 14th. Independent Research set a €17.30 ($20.12) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, January 15th. Kepler Capital Markets set a €13.00 ($15.12) price target on Salzgitter and gave the company a “sell” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. set a €14.00 ($16.28) price target on Salzgitter and gave the company a “sell” rating in a report on Tuesday. Six research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of €18.87 ($21.94).
SZG traded down €0.12 ($0.14) on Wednesday, reaching €15.35 ($17.84). The company’s stock had a trading volume of 365,456 shares, compared to its average volume of 273,405. The stock has a 50 day moving average of €18.81 and a two-hundred day moving average of €18.14. The company has a quick ratio of 1.13, a current ratio of 2.16 and a debt-to-equity ratio of 37.60. The company has a market capitalization of $833.22 million and a price-to-earnings ratio of 16.81. Salzgitter has a fifty-two week low of €14.13 ($16.43) and a fifty-two week high of €31.51 ($36.64).
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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