Salzgitter (SZG) Given a €38.00 Price Target by Deutsche Bank Analysts
Salzgitter (ETR:SZG) has been assigned a €38.00 ($44.19) target price by stock analysts at Deutsche Bank in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 48.38% from the stock’s current price.
SZG has been the topic of a number of other research reports. Macquarie set a €31.00 ($36.05) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, December 5th. Jefferies Financial Group set a €38.00 ($44.19) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, November 28th. DZ Bank reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Monday, March 18th. Goldman Sachs Group set a €30.00 ($34.88) price target on shares of Salzgitter and gave the company a “neutral” rating in a research note on Thursday, January 31st. Finally, Nord/LB set a €36.00 ($41.86) price target on shares of Salzgitter and gave the company a “buy” rating in a research note on Monday, December 10th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of €34.24 ($39.81).
Shares of SZG opened at €25.61 ($29.78) on Tuesday. The company has a debt-to-equity ratio of 21.55, a quick ratio of 1.09 and a current ratio of 2.06. Salzgitter has a twelve month low of €23.37 ($27.17) and a twelve month high of €49.67 ($57.76). The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 5.34.
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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