Salzgitter (SZG) Given a €28.00 Price Target by Jefferies Financial Group Analysts
Jefferies Financial Group set a €28.00 ($32.56) price target on Salzgitter (ETR:SZG) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently commented on SZG. Independent Research set a €28.00 ($32.56) price objective on Salzgitter and gave the stock a neutral rating in a research note on Thursday, January 3rd. Bank of America set a €33.00 ($38.37) price objective on Salzgitter and gave the stock a neutral rating in a research note on Wednesday, January 9th. Deutsche Bank set a €40.00 ($46.51) price objective on Salzgitter and gave the stock a buy rating in a research note on Thursday, January 10th. JPMorgan Chase & Co. set a €27.00 ($31.40) price objective on Salzgitter and gave the stock a sell rating in a research note on Tuesday, January 22nd. Finally, Oddo Bhf set a €26.00 ($30.23) price objective on Salzgitter and gave the stock a sell rating in a research note on Wednesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Salzgitter currently has a consensus rating of Hold and an average price target of €34.24 ($39.81).
Shares of ETR:SZG opened at €30.06 ($34.95) on Tuesday. The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 6.27. Salzgitter has a fifty-two week low of €23.37 ($27.17) and a fifty-two week high of €49.67 ($57.76). The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 21.55.
Salzgitter Aktiengesellschaft, 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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