JPMorgan Chase & Co. set a €19.00 ($22.09) price objective on Salzgitter (ETR:SZG) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other brokerages also recently commented on SZG. Independent Research set a €27.00 ($31.40) target price on shares of Salzgitter and gave the stock a neutral rating in a report on Friday, June 14th. Macquarie set a €18.00 ($20.93) target price on shares of Salzgitter and gave the stock a sell rating in a report on Monday, July 15th. Jefferies Financial Group set a €22.00 ($25.58) price objective on shares of Salzgitter and gave the stock a neutral rating in a research note on Wednesday, July 17th. Goldman Sachs Group set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the stock a neutral rating in a research note on Monday. Finally, Morgan Stanley set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the stock a neutral rating in a research note on Tuesday, June 25th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The company has a consensus rating of Hold and an average target price of €24.88 ($28.93).
Shares of SZG stock opened at €14.97 ($17.40) on Monday. The company has a market capitalization of $809.42 million and a price-to-earnings ratio of 2.81. The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06. The company has a 50-day simple moving average of €20.62 and a 200 day simple moving average of €24.89. Salzgitter has a 52 week low of €16.96 ($19.72) and a 52 week high of €44.00 ($51.16).
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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