Commerzbank Analysts Give Salzgitter (ETR:SZG) a €26.00 Price Target
Commerzbank set a €26.00 ($30.23) target price on Salzgitter (ETR:SZG) in a research note released on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other research analysts also recently issued reports about the company. Oddo Bhf set a €22.00 ($25.58) price objective on Salzgitter and gave the company a sell rating in a research note on Wednesday, May 15th. Nord/LB set a €28.00 ($32.56) price objective on Salzgitter and gave the company a buy rating in a research note on Tuesday, June 4th. Goldman Sachs Group set a €28.00 ($32.56) price objective on Salzgitter and gave the company a neutral rating in a research note on Monday. Macquarie set a €18.00 ($20.93) price objective on Salzgitter and gave the company a sell rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group set a €22.00 ($25.58) price objective on Salzgitter and gave the company a neutral rating in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. Salzgitter has a consensus rating of Hold and a consensus price target of €24.88 ($28.93).
ETR SZG opened at €14.97 ($17.40) on Monday. Salzgitter has a 52 week low of €16.96 ($19.72) and a 52 week high of €44.00 ($51.16). The firm has a market capitalization of $809.42 million and a P/E ratio of 2.81. The company has a quick ratio of 1.08, a current ratio of 2.06 and a debt-to-equity ratio of 24.23. The company has a 50-day moving average price of €20.62 and a 200-day moving average price of €24.89.
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.
Further Reading: Asset Allocation, Balancing Your Investments
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