DZ Bank reaffirmed their neutral rating on shares of Salzgitter (OTCMKTS:SZGPY) in a research report released on Thursday morning, Borsen Zeitung reports.
A number of other analysts have also recently commented on SZGPY. Zacks Investment Research raised Salzgitter from a sell rating to a hold rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating on shares of Salzgitter in a research note on Thursday, August 13th. Morgan Stanley reaffirmed an equal weight rating on shares of Salzgitter in a research note on Thursday, November 5th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Salzgitter in a research note on Thursday, August 13th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $1.50.
Shares of OTCMKTS:SZGPY opened at $1.81 on Thursday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -1.87 and a beta of 1.06. The business has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.49. Salzgitter has a 1-year low of $0.89 and a 1-year high of $2.22.
Salzgitter AG, 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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