Salzgitter (ETR:SZG – Get Rating) has been given a €45.00 ($48.39) price objective by equities researchers at Baader Bank in a research note issued to investors on Friday, Borsen Zeitung reports. Baader Bank’s price objective would suggest a potential downside of 0.09% from the company’s previous close.
Several other equities analysts have also recently issued reports on SZG. Morgan Stanley set a €30.10 ($32.37) price target on Salzgitter in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft set a €35.00 ($37.63) price target on Salzgitter in a research report on Thursday, February 3rd. Deutsche Bank Rese… set a €42.00 ($45.16) price target on shares of Salzgitter in a research report on Wednesday, March 23rd. UBS Group set a €44.00 ($47.31) price objective on Salzgitter in a research note on Friday. Finally, Jefferies Financial Group set a €55.00 ($59.14) target price on Salzgitter in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of €37.42 ($40.23).
Shares of Salzgitter stock opened at €45.04 ($48.43) on Friday. The business’s fifty day moving average price is €39.42 and its two-hundred day moving average price is €33.74. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.65 and a quick ratio of 0.79. The company has a market capitalization of $2.44 billion and a P/E ratio of 4.19. Salzgitter has a 1-year low of €22.78 ($24.49) and a 1-year high of €48.76 ($52.43).
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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