Salzgitter AG (ETR:SZG) has earned an average recommendation of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is €22.67 ($26.36).
A number of equities research analysts have recently issued reports on SZG shares. Nord/LB set a €15.00 ($17.44) price target on Salzgitter and gave the company a “neutral” rating in a research report on Monday, September 30th. Kepler Capital Markets set a €13.00 ($15.12) price objective on Salzgitter and gave the company a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. set a €14.00 ($16.28) price objective on Salzgitter and gave the company a “sell” rating in a report on Thursday, October 3rd. Commerzbank set a €26.00 ($30.23) price objective on Salzgitter and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Morgan Stanley set a €24.00 ($27.91) price objective on Salzgitter and gave the company a “neutral” rating in a report on Tuesday, September 24th.
Shares of SZG stock traded up €0.07 ($0.08) during trading hours on Friday, reaching €16.13 ($18.75). The company had a trading volume of 348,947 shares, compared to its average volume of 273,405. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.25 and a current ratio of 2.30. The stock has a fifty day moving average of €16.30 and a 200-day moving average of €22.03. The company has a market capitalization of $872.16 million and a price-to-earnings ratio of 3.91. Salzgitter has a 12-month low of €14.13 ($16.43) and a 12-month high of €41.08 ($47.77).
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.
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.