Salzgitter (ETR:SZG) PT Set at €30.00 by Credit Suisse Group

Salzgitter (ETR:SZGGet Rating) has been given a €30.00 ($32.26) price objective by equities researchers at Credit Suisse Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. Credit Suisse Group’s target price suggests a potential downside of 28.57% from the company’s current price.

SZG has been the topic of several other research reports. Morgan Stanley set a €30.10 ($32.37) target price on Salzgitter in a research note on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft set a €35.00 ($37.63) target price on Salzgitter in a research note on Thursday, February 3rd. JPMorgan Chase & Co. set a €28.50 ($30.65) target price on Salzgitter in a research note on Monday, March 21st. Baader Bank set a €45.00 ($48.39) target price on Salzgitter in a research note on Monday, March 21st. Finally, Deutsche Bank Rese… set a €42.00 ($45.16) price target on Salzgitter in a report on Wednesday, March 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of €34.69 ($37.30).

SZG opened at €42.00 ($45.16) on Tuesday. The stock’s 50-day moving average price is €38.90 and its 200 day moving average price is €33.47. Salzgitter has a 12-month low of €22.78 ($24.49) and a 12-month high of €48.76 ($52.43). The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 45.12. The firm has a market cap of $2.27 billion and a price-to-earnings ratio of 3.91.

Salzgitter Company Profile (Get Rating)

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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