Salzgitter (ETR:SZG) has been assigned a €17.00 ($19.10) price objective by Credit Suisse Group in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 26.91% from the company’s previous close.
SZG has been the topic of a number of other research reports. Baader Bank set a €11.00 ($12.36) price target on Salzgitter and gave the company a “sell” rating in a report on Wednesday, May 13th. Deutsche Bank set a €12.00 ($13.48) price target on Salzgitter and gave the company a “neutral” rating in a report on Friday, May 15th. Kepler Capital Markets set a €10.00 ($11.24) price target on Salzgitter and gave the company a “sell” rating in a report on Monday, April 6th. JPMorgan Chase & Co. set a €9.50 ($10.67) price target on Salzgitter and gave the company a “sell” rating in a report on Wednesday, May 13th. Finally, Independent Research set a €11.90 ($13.37) price target on Salzgitter and gave the company a “neutral” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Salzgitter has an average rating of “Hold” and a consensus price target of €13.91 ($15.63).
Shares of Salzgitter stock opened at €13.40 ($15.05) on Monday. The stock’s fifty day moving average is €12.37 and its 200-day moving average is €13.76. The firm has a market capitalization of $723.42 million and a PE ratio of -1.90. The company has a quick ratio of 1.08, a current ratio of 2.06 and a debt-to-equity ratio of 36.84. Salzgitter has a 12-month low of €7.77 ($8.73) and a 12-month high of €24.81 ($27.88).
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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