Salzgitter (ETR:SZG) PT Set at €55.00 by Jefferies Financial Group

Salzgitter (ETR:SZGGet Rating) has been given a €55.00 ($59.14) target price by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s target price would indicate a potential upside of 30.58% from the stock’s current price.

Other analysts have also issued reports about the stock. Baader Bank set a €45.00 ($48.39) price objective on shares of Salzgitter in a report on Monday, March 21st. Deutsche Bank Aktiengesellschaft set a €35.00 ($37.63) price objective on shares of Salzgitter in a report on Thursday, February 3rd. Deutsche Bank Rese… set a €42.00 ($45.16) price objective on shares of Salzgitter in a report on Wednesday, March 23rd. UBS Group set a €33.00 ($35.48) price objective on shares of Salzgitter in a report on Tuesday, March 22nd. Finally, Morgan Stanley set a €30.10 ($32.37) price objective on shares of Salzgitter in a report on Tuesday, January 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of €36.05 ($38.77).

ETR SZG opened at €42.12 ($45.29) on Thursday. Salzgitter has a 52 week low of €22.78 ($24.49) and a 52 week high of €48.76 ($52.43). The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 45.12. The business’s fifty day simple moving average is €39.28 and its 200-day simple moving average is €33.65. The firm has a market cap of $2.28 billion and a PE ratio of 3.92.

About Salzgitter (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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