Salzgitter (ETR:SZG – Get Rating) has been assigned a €45.00 ($47.37) price target by investment analysts at JPMorgan Chase & Co. in a report released on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.22% from the stock’s current price.
Other analysts also recently issued research reports about the company. Deutsche Bank Rese… set a €42.00 ($44.21) price target on Salzgitter in a research note on Wednesday, March 23rd. Morgan Stanley set a €30.10 ($31.68) price objective on Salzgitter in a research report on Tuesday, January 18th. Jefferies Financial Group set a €55.00 ($57.89) price objective on Salzgitter in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft set a €35.00 ($36.84) price objective on Salzgitter in a research report on Thursday, February 3rd. Finally, Credit Suisse Group set a €30.00 ($31.58) price objective on Salzgitter in a research report on Tuesday, April 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of €39.61 ($41.69).
SZG opened at €36.52 ($38.44) on Thursday. The company has a market cap of $1.98 billion and a PE ratio of 3.40. The stock has a 50-day moving average of €40.22 and a 200-day moving average of €34.80. Salzgitter has a 52-week low of €22.78 ($23.98) and a 52-week high of €48.76 ($51.33). The company has a debt-to-equity ratio of 45.12, a quick ratio of 0.79 and a current ratio of 1.65.
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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