Shares of Salzgitter AG (ETR:SZG) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is €27.26 ($32.07).
SZG has been the topic of several recent analyst reports. Jefferies Financial Group set a €35.00 ($41.18) target price on Salzgitter and gave the company a “buy” rating in a research note on Wednesday, May 12th. JPMorgan Chase & Co. set a €28.50 ($33.53) target price on Salzgitter and gave the company a “buy” rating in a research note on Thursday, April 15th. Deutsche Bank Aktiengesellschaft set a €26.00 ($30.59) target price on Salzgitter and gave the company a “neutral” rating in a research note on Thursday. Nord/LB set a €32.00 ($37.65) target price on Salzgitter and gave the company a “buy” rating in a research note on Thursday, April 15th. Finally, Credit Suisse Group set a €17.00 ($20.00) target price on Salzgitter and gave the company a “sell” rating in a research note on Monday, January 18th.
Shares of Salzgitter stock traded down €0.36 ($0.42) during midday trading on Monday, hitting €27.04 ($31.81). The company had a trading volume of 236,102 shares, compared to its average volume of 273,405. The company has a debt-to-equity ratio of 44.30, a quick ratio of 1.03 and a current ratio of 1.81. The stock has a market capitalization of $1.46 billion and a P/E ratio of -9.28. The company has a 50 day moving average of €26.99 and a 200 day moving average of €22.19. Salzgitter has a 52-week low of €9.48 ($11.15) and a 52-week high of €29.46 ($34.66).
Salzgitter AG, 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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