Oddo Bhf Reiterates “€22.00” Price Target for Salzgitter (SZG)
Oddo Bhf set a €22.00 ($25.58) target price on Salzgitter (ETR:SZG) in a research report released on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other equities analysts have also commented on SZG. Nord/LB set a €36.00 ($41.86) price objective on Salzgitter and gave the company a buy rating in a research report on Tuesday, April 30th. Baader Bank set a €30.00 ($34.88) price objective on Salzgitter and gave the company a neutral rating in a research report on Wednesday. Jefferies Financial Group set a €28.00 ($32.56) price objective on Salzgitter and gave the company a neutral rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. set a €25.50 ($29.65) target price on Salzgitter and gave the company a sell rating in a report on Thursday, April 25th. Finally, Goldman Sachs Group set a €27.50 ($31.98) target price on Salzgitter and gave the company a neutral rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €32.12 ($37.35).
Shares of Salzgitter stock opened at €25.67 ($29.85) on Wednesday. The company has a debt-to-equity ratio of 21.55, a quick ratio of 1.09 and a current ratio of 2.06. The stock has a market cap of $1.39 billion and a PE ratio of 5.35. Salzgitter has a 12 month low of €23.37 ($27.17) and a 12 month high of €49.67 ($57.76).
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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