Salzgitter AG (ETR:SZG) Receives Consensus Rating of “Hold” from Brokerages

Salzgitter AG (ETR:SZGGet Rating) has been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is €37.42 ($40.23).

A number of research firms have weighed in on SZG. Credit Suisse Group set a €30.00 ($32.26) price objective on Salzgitter in a report on Tuesday, April 19th. UBS Group set a €44.00 ($47.31) price objective on Salzgitter in a report on Friday. Deutsche Bank Rese… set a €42.00 ($45.16) price objective on Salzgitter in a report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft set a €35.00 ($37.63) price objective on Salzgitter in a report on Thursday, February 3rd. Finally, JPMorgan Chase & Co. set a €32.50 ($34.95) target price on shares of Salzgitter in a research note on Thursday.

SZG stock opened at €42.12 ($45.29) on Monday. 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 50-day simple moving average is €39.63 and its 200 day simple moving average is €33.86. The company has a market cap of $2.28 billion and a PE ratio of 3.92. Salzgitter has a twelve month low of €22.78 ($24.49) and a twelve month high of €48.76 ($52.43).

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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