Jefferies Financial Group set a €22.00 ($25.58) price target on Salzgitter (ETR:SZG) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other equities research analysts also recently issued reports about the stock. Nord/LB reiterated a neutral rating on shares of Bayerische Motoren Werke in a research report on Tuesday, June 4th. Morgan Stanley set a €125.00 ($145.35) price target on shares of Siemens and gave the company a buy rating in a research report on Tuesday, June 25th. DZ Bank reiterated a neutral rating on shares of Salzgitter in a research report on Tuesday, June 18th. Oddo Bhf set a €16.50 ($19.19) price target on shares of UniCredit and gave the company a buy rating in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €29.44 ($34.23).
SZG stock opened at €19.67 ($22.87) on Wednesday. The firm’s 50 day moving average is €23.16. Salzgitter has a 12-month low of €19.13 ($22.24) and a 12-month high of €44.00 ($51.16). 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 firm has a market cap of $1.06 billion and a P/E ratio of 3.69.
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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