Salzgitter AG (ETR:SZG) Given Consensus Rating of “Hold” by Analysts

Salzgitter AG (ETR:SZG) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is €31.52 ($35.82).

A number of equities research analysts have recently commented on SZG shares. JPMorgan Chase & Co. set a €28.50 ($32.39) target price on Salzgitter in a research note on Thursday. Baader Bank set a €35.00 ($39.77) target price on Salzgitter in a research note on Wednesday, December 1st. Nord/LB set a €40.00 ($45.45) target price on Salzgitter in a research note on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft set a €35.00 ($39.77) target price on Salzgitter in a report on Monday, January 10th. Finally, Morgan Stanley set a €30.70 ($34.89) target price on Salzgitter in a report on Thursday, December 9th.

ETR SZG opened at €36.32 ($41.27) on Friday. Salzgitter has a 12 month low of €20.41 ($23.19) and a 12 month high of €35.08 ($39.86). The stock has a market cap of $1.96 billion and a P/E ratio of 4.56. The stock’s fifty day moving average price is €30.61 and its 200-day moving average price is €30.03. The company has a current ratio of 1.76, a quick ratio of 0.86 and a debt-to-equity ratio of 36.40.

About Salzgitter

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.

Featured Article: Penny Stocks

Analyst Recommendations for Salzgitter (ETR:SZG)

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.