Jefferies Financial Group set a €14.00 ($16.47) price target on Salzgitter (ETR:SZG) in a report published on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
SZG has been the subject of a number of other reports. DZ Bank restated a neutral rating on shares of Salzgitter in a research report on Wednesday, August 12th. JPMorgan Chase & Co. set a €10.00 ($11.76) target price on Salzgitter and gave the stock a sell rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft set a €12.00 ($14.12) target price on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, July 15th. Independent Research set a €13.50 ($15.88) target price on Salzgitter and gave the stock a neutral rating in a research note on Monday, August 17th. Finally, Nord/LB set a €13.00 ($15.29) target price on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Salzgitter currently has a consensus rating of Hold and an average target price of €13.37 ($15.73).
Shares of SZG opened at €14.34 ($16.86) on Friday. The company has a market cap of $775.34 million and a PE ratio of -1.61. The business has a fifty day moving average of €13.93 and a 200 day moving average of €12.70. Salzgitter has a 52-week low of €7.77 ($9.15) and a 52-week 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.
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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