Salzgitter AG (ETR:SZG) Receives Consensus Recommendation of “Hold” from Analysts

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 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.

See Also: How does the Federal Reserve determine interest rates?

Analyst Recommendations for Salzgitter (ETR:SZG)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit