Salzgitter (SZG) Given a €38.00 Price Target at Deutsche Bank

Deutsche Bank set a €38.00 ($44.19) target price on Salzgitter (ETR:SZG) in a research report report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on SZG. Kepler Capital Markets set a €22.00 ($25.58) target price on shares of Salzgitter and gave the company a sell rating in a research note on Friday, March 15th. Jefferies Financial Group set a €28.00 ($32.56) target price on shares of Salzgitter and gave the company a neutral rating in a research note on Monday, February 4th. Independent Research set a €27.00 ($31.40) target price on shares of Salzgitter and gave the company a neutral rating in a research note on Wednesday, February 6th. Goldman Sachs Group set a €30.00 ($34.88) target price on shares of Salzgitter and gave the company a neutral rating in a research note on Thursday, January 31st. Finally, Baader Bank set a €30.00 ($34.88) target price on shares of Salzgitter and gave the company a neutral rating in a research note on Tuesday, February 5th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of €34.24 ($39.81).

SZG opened at €30.33 ($35.27) on Tuesday. The company has a debt-to-equity ratio of 21.55, a quick ratio of 1.09 and a current ratio of 2.06. The stock has a market capitalization of $1.65 billion and a price-to-earnings ratio of 6.32. Salzgitter has a twelve month low of €23.37 ($27.17) and a twelve month high of €49.67 ($57.76).

About Salzgitter

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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