JPMorgan Chase & Co. set a €11.50 ($13.53) target price on Salzgitter (ETR:SZG) in a research note released on Friday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other research analysts have also issued reports on SZG. Morgan Stanley set a €12.70 ($14.94) price target on shares of Salzgitter and gave the stock a neutral rating in a research report on Thursday, September 24th. Jefferies Financial Group set a €14.00 ($16.47) price target on shares of Salzgitter and gave the stock a neutral rating in a research report on Friday. Independent Research set a €13.50 ($15.88) price objective on shares of Salzgitter and gave the stock a neutral rating in a report on Monday, August 17th. Nord/LB set a €13.00 ($15.29) price objective on shares of Salzgitter and gave the stock a neutral rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft set a €12.00 ($14.12) price objective on shares of Salzgitter and gave the stock a neutral rating in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of €13.37 ($15.73).
ETR:SZG opened at €14.34 ($16.86) on Friday. Salzgitter has a 12-month low of €7.77 ($9.15) and a 12-month high of €20.73 ($24.39). The company has a quick ratio of 1.10, a current ratio of 2.27 and a debt-to-equity ratio of 39.19. The firm has a market capitalization of $775.34 million and a PE ratio of -1.61. The firm has a 50-day moving average price of €13.93 and a 200 day moving average price of €12.70.
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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