Research Analysts Offer Predictions for Salzgitter AG’s FY2022 Earnings (OTCMKTS:SZGPY)

Salzgitter AG (OTCMKTS:SZGPYGet Rating) – Investment analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Salzgitter in a research report issued on Thursday, April 21st. Jefferies Financial Group analyst A. Spence now expects that the basic materials company will earn $1.34 per share for the year, up from their previous estimate of $1.00.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Salzgitter from €35.00 ($37.63) to €42.00 ($45.16) in a research note on Thursday, March 24th. Kepler Capital Markets raised shares of Salzgitter from a “hold” rating to a “buy” rating and set a €50.00 ($53.76) target price for the company in a report on Wednesday, February 16th. Credit Suisse Group lifted their target price on shares of Salzgitter from €20.00 ($21.51) to €33.00 ($35.48) in a report on Tuesday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Salzgitter from €28.50 ($30.65) to €32.50 ($34.95) in a report on Thursday, March 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.17.

Salzgitter stock opened at $4.88 on Monday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 5.14 and a beta of 1.13. The company’s fifty day moving average price is $4.37 and its two-hundred day moving average price is $3.76. Salzgitter has a one year low of $2.90 and a one year high of $5.16.

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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