Shares of Salzgitter AG (ETR:SZG) have been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is €22.67 ($26.36).
Several research analysts have recently issued reports on SZG shares. Jefferies Financial Group set a €14.00 ($16.28) price target on shares of Salzgitter and gave the stock a “sell” rating in a report on Tuesday, September 24th. Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter and gave the company a “neutral” rating in a report on Monday, August 12th. Deutsche Bank set a €22.00 ($25.58) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Thursday, September 5th. DZ Bank restated a “neutral” rating on shares of Salzgitter in a research report on Thursday, September 26th. Finally, Commerzbank set a €26.00 ($30.23) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Monday, August 12th.
Shares of ETR SZG traded up €0.07 ($0.08) during trading on Friday, reaching €16.13 ($18.75). The stock had a trading volume of 348,947 shares, compared to its average volume of 273,405. Salzgitter has a one year low of €14.13 ($16.43) and a one year high of €41.08 ($47.77). The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.25 and a current ratio of 2.30. The stock has a market cap of $872.16 million and a PE ratio of 3.91. The firm’s 50 day moving average price is €16.29 and its two-hundred day moving average price is €22.08.
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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