Jefferies Financial Group set a €22.00 ($25.58) target price on Salzgitter (ETR:SZG) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. Macquarie initiated coverage on shares of Anaplan in a research report on Monday, July 15th. They set an outperform rating and a $65.00 price objective for the company. DZ Bank restated a neutral rating on shares of Salzgitter in a research report on Tuesday, June 18th. Morgan Stanley set a €125.00 ($145.35) price objective on shares of Siemens and gave the stock a buy rating in a research report on Tuesday, June 25th. Baader Bank set a €140.00 ($162.79) price objective on shares of zooplus and gave the stock a buy rating in a research report on Monday, June 17th. Finally, Nord/LB restated a neutral rating on shares of Bayerische Motoren Werke in a research report on Tuesday, June 4th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Salzgitter has an average rating of Hold and an average target price of €29.44 ($34.23).
ETR:SZG opened at €19.67 ($22.87) on Wednesday. The stock has a 50-day simple moving average of €23.16. The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23. The stock has a market capitalization of $1.06 billion and a P/E ratio of 3.69. Salzgitter has a twelve month low of €19.13 ($22.24) and a twelve month high of €44.00 ($51.16).
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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