Jefferies Financial Group Reiterates “€18.00” Price Target for Salzgitter (ETR:SZG)

Jefferies Financial Group set a €18.00 ($20.93) target price on Salzgitter (ETR:SZG) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on the company. Goldman Sachs Group set a €28.00 ($32.56) target price on Salzgitter and gave the company a neutral rating in a research report on Monday. JPMorgan Chase & Co. set a €19.00 ($22.09) target price on Salzgitter and gave the company a sell rating in a research report on Monday. Nord/LB set a €17.00 ($19.77) target price on Salzgitter and gave the company a neutral rating in a research report on Tuesday. Commerzbank set a €26.00 ($30.23) target price on Salzgitter and gave the company a neutral rating in a research report on Monday. Finally, Independent Research set a €18.70 ($21.74) target price on Salzgitter and gave the company a neutral rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. The stock currently has an average rating of Hold and an average price target of €24.88 ($28.93).

Shares of ETR SZG opened at €14.97 ($17.40) on Tuesday. The stock has a market cap of $809.42 million and a PE 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. Salzgitter has a 52-week low of €16.96 ($19.72) and a 52-week high of €44.00 ($51.16). The business has a 50-day moving average price of €20.62 and a 200 day moving average price of €24.89.

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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