Salzgitter (ETR:SZG) Earns Neutral Rating from DZ Bank

Salzgitter (ETR:SZG)‘s stock had its “neutral” rating reaffirmed by stock analysts at DZ Bank in a research report issued to clients and investors on Thursday, September 26th, Borsen Zeitung reports.

Several other equities research analysts also recently issued reports on SZG. Goldman Sachs Group set a €28.00 ($32.56) price objective on Salzgitter and gave the stock a “neutral” rating in a research note on Monday, August 12th. Baader Bank set a €30.00 ($34.88) price objective on Salzgitter and gave the stock a “neutral” rating in a research note on Monday, August 12th. Nord/LB set a €17.00 ($19.77) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Morgan Stanley set a €24.00 ($27.91) target price on Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group set a €14.00 ($16.28) target price on Salzgitter and gave the stock a “sell” rating in a research report on Tuesday, September 24th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of €22.67 ($26.36).

Shares of ETR SZG traded up €0.73 ($0.85) during mid-day trading on Thursday, hitting €16.04 ($18.65). 633,539 shares of the company traded hands, compared to its average volume of 273,405. The business has a 50 day moving average of €16.23 and a two-hundred day moving average of €22.40. The stock has a market capitalization of $867.56 million and a price-to-earnings ratio of 3.89. The company has a quick ratio of 1.25, a current ratio of 2.30 and a debt-to-equity ratio of 40.20. Salzgitter has a 1 year low of €14.13 ($16.43) and a 1 year high of €41.08 ($47.77).

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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