Goldman Sachs Group set a €28.00 ($32.56) price objective on Salzgitter (ETR:SZG) in a research note published on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
SZG has been the subject of a number of other reports. Independent Research set a €27.00 ($31.40) price target on shares of Salzgitter and gave the company a neutral rating in a report on Friday, June 14th. DZ Bank reissued a neutral rating on shares of Salzgitter in a report on Tuesday, June 18th. Deutsche Bank set a €27.00 ($31.40) price target on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, July 17th. Oddo Bhf set a €22.00 ($25.58) price target on shares of Salzgitter and gave the company a sell rating in a report on Wednesday, May 15th. Finally, Jefferies Financial Group set a €22.00 ($25.58) price target on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of €27.31 ($31.75).
Salzgitter stock traded up €0.10 ($0.12) during mid-day trading on Monday, reaching €17.05 ($19.83). The company had a trading volume of 503,382 shares, compared to its average volume of 273,405. The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23. Salzgitter has a 52 week low of €16.96 ($19.72) and a 52 week high of €44.00 ($51.16). The stock’s 50 day simple moving average is €21.11. The stock has a market cap of $908.67 million and a price-to-earnings ratio of 3.20.
Salzgitter Company Profile
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: How a Back-End Load Mutual Fund Works
Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.