Salzgitter’s (SZG) “Neutral” Rating Reaffirmed at DZ Bank

DZ Bank reiterated their neutral rating on shares of Salzgitter (ETR:SZG) in a report released on Monday, Borsen Zeitung reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley set a €19.00 ($22.09) price objective on Salzgitter and gave the company a neutral rating in a research note on Friday, January 10th. Baader Bank set a €21.00 ($24.42) price target on Salzgitter and gave the stock a sell rating in a research note on Monday, March 16th. Deutsche Bank set a €14.00 ($16.28) price target on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, March 18th. Independent Research set a €10.10 ($11.74) price target on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, March 18th. Finally, Nord/LB set a €17.00 ($19.77) price target on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Salzgitter has an average rating of Hold and a consensus target price of €16.34 ($19.00).

Shares of ETR:SZG opened at €11.70 ($13.60) on Monday. The stock has a fifty day simple moving average of €13.62 and a two-hundred day simple moving average of €16.47. The stock has a market capitalization of $632.82 million and a price-to-earnings ratio of -2.62. Salzgitter has a 12-month low of €7.77 ($9.04) and a 12-month high of €31.51 ($36.64). The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 36.32.

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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