Salzgitter (SZG) Given a €25.00 Price Target at JPMorgan Chase & Co.
Salzgitter (ETR:SZG) has been given a €25.00 ($29.07) price objective by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 3.96% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Nord/LB set a €32.00 ($37.21) target price on Salzgitter and gave the stock a “buy” rating in a report on Wednesday, February 27th. Deutsche Bank set a €40.00 ($46.51) target price on Salzgitter and gave the stock a “buy” rating in a report on Wednesday, February 6th. Goldman Sachs Group set a €27.50 ($31.98) target price on Salzgitter and gave the stock a “neutral” rating in a report on Friday, February 15th. Kepler Capital Markets set a €33.00 ($38.37) target price on Salzgitter and gave the stock a “neutral” rating in a report on Wednesday, February 6th. Finally, DZ Bank reissued a “neutral” rating on shares of Salzgitter in a report on Wednesday, February 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of €33.83 ($39.34).
Salzgitter stock opened at €26.03 ($30.27) on Tuesday. Salzgitter has a 12 month low of €23.37 ($27.17) and a 12 month high of €49.67 ($57.76). The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 21.55. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of 5.43.
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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