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

Salzgitter AG (ETR:SZGGet Rating) has been given a consensus rating of “Buy” by the eleven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is €39.61 ($41.26).

SZG has been the topic of several research analyst reports. Credit Suisse Group set a €30.00 ($31.25) price objective on Salzgitter in a report on Tuesday, April 19th. Jefferies Financial Group set a €55.00 ($57.29) price objective on Salzgitter in a report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft set a €35.00 ($36.46) price objective on Salzgitter in a report on Thursday, February 3rd. Deutsche Bank Rese… set a €43.00 ($44.79) target price on Salzgitter in a research note on Friday, May 13th. Finally, UBS Group set a €44.00 ($45.83) target price on Salzgitter in a research note on Friday, April 22nd.

ETR:SZG traded up €0.02 ($0.02) on Friday, reaching €35.44 ($36.92). The company’s stock had a trading volume of 116,680 shares, compared to its average volume of 273,405. 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 firm has a market cap of $1.92 billion and a price-to-earnings ratio of 3.30. Salzgitter has a 12-month low of €22.78 ($23.73) and a 12-month high of €48.76 ($50.79). The stock has a 50 day moving average price of €40.00 and a 200 day moving average price of €35.00.

Salzgitter Company Profile (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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Analyst Recommendations for Salzgitter (ETR:SZG)

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