Salzgitter AG (ETR:SZG) Given Average Rating of “Hold” by Analysts
Shares of Salzgitter AG (ETR:SZG) have received an average rating of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is €30.59 ($35.57).
A number of brokerages have recently issued reports on SZG. DZ Bank reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Tuesday, June 18th. Morgan Stanley set a €125.00 ($145.35) price objective on Siemens and gave the company a “buy” rating in a research note on Tuesday, June 25th. Baader Bank set a €140.00 ($162.79) price objective on zooplus and gave the company a “buy” rating in a research note on Monday, June 17th. Independent Research set a €27.00 ($31.40) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Friday, June 14th. Finally, Oddo Bhf set a €16.50 ($19.19) price objective on UniCredit and gave the company a “buy” rating in a research note on Wednesday, May 15th.
Shares of ETR:SZG traded down €0.17 ($0.20) on Friday, reaching €20.52 ($23.86). 298,542 shares of the company traded hands, compared to its average volume of 273,405. The business has a 50-day simple moving average of €23.77. Salzgitter has a 52 week low of €21.60 ($25.12) and a 52 week high of €44.00 ($51.16). The stock has a market capitalization of $1.11 billion and a PE ratio of 3.85. The company has a debt-to-equity ratio of 24.23, a current ratio of 2.06 and a quick ratio of 1.08.
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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