A number of other analysts have also recently commented on the stock. Jefferies Financial Group set a €13.50 ($15.70) price target on shares of Salzgitter and gave the company a sell rating in a research note on Wednesday, November 13th. DZ Bank restated a neutral rating on shares of Salzgitter in a research note on Wednesday, January 15th. Independent Research set a €17.30 ($20.12) price target on shares of Salzgitter and gave the company a neutral rating in a research note on Wednesday, January 15th. Kepler Capital Markets set a €13.00 ($15.12) price target on shares of Salzgitter and gave the company a sell rating in a research note on Wednesday, October 2nd. Finally, Macquarie set a €16.00 ($18.60) target price on shares of Salzgitter and gave the stock a sell rating in a research note on Tuesday, September 24th. Six investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €18.87 ($21.94).
Shares of SZG stock opened at €15.44 ($17.95) on Tuesday. The stock has a market capitalization of $835.11 million and a P/E ratio of 16.91. The company has a current ratio of 2.16, a quick ratio of 1.13 and a debt-to-equity ratio of 37.60. The firm’s 50 day moving average is €18.66 and its 200 day moving average is €18.00. Salzgitter has a 12 month low of €14.13 ($16.43) and a 12 month high of €31.51 ($36.64).
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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