Salzgitter (ETR:SZG – Get Rating) received a €25.00 ($25.77) target price from research analysts at UBS Group in a research report issued on Monday, Borsen Zeitung reports. UBS Group’s price target suggests a potential downside of 14.03% from the stock’s current price.
Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft set a €30.00 ($30.93) price target on shares of Salzgitter in a research report on Tuesday, October 25th. Baader Bank set a €45.00 ($46.39) price target on shares of Salzgitter in a report on Friday, November 11th. JPMorgan Chase & Co. set a €19.60 ($20.21) target price on shares of Salzgitter in a research note on Friday, November 11th. Jefferies Financial Group set a €22.00 ($22.68) price target on shares of Salzgitter in a research note on Monday, October 17th. Finally, Credit Suisse Group set a €27.00 ($27.84) price target on shares of Salzgitter in a report on Monday, August 22nd.
Salzgitter Stock Performance
Shares of SZG opened at €29.08 ($29.98) on Monday. The company has a market capitalization of $1.57 billion and a PE ratio of 1.40. Salzgitter has a one year low of €18.99 ($19.58) and a one year high of €48.76 ($50.27). The company has a debt-to-equity ratio of 34.47, a current ratio of 1.81 and a quick ratio of 0.89. The company’s fifty day moving average price is €23.27 and its 200 day moving average price is €26.83.
Salzgitter Company Profile
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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