Independent Research Reiterates €27.00 Price Target for Salzgitter (ETR:SZG)
Salzgitter (ETR:SZG) has been assigned a €27.00 ($31.40) price objective by equities researchers at Independent Research in a report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target points to a potential upside of 17.44% from the stock’s current price.
A number of other research analysts also recently issued reports on SZG. Goldman Sachs Group set a €27.50 ($31.98) price target on Salzgitter and gave the company a “neutral” rating in a report on Friday, February 15th. Oddo Bhf set a €24.00 ($27.91) price target on Salzgitter and gave the company a “sell” rating in a report on Friday, February 22nd. JPMorgan Chase & Co. set a €26.50 ($30.81) price target on Salzgitter and gave the company a “sell” rating in a report on Monday, February 25th. Jefferies Financial Group set a €28.00 ($32.56) price target on Salzgitter and gave the company a “neutral” rating in a report on Wednesday, February 27th. Finally, Nord/LB set a €32.00 ($37.21) price target on Salzgitter and gave the company a “buy” rating in a report on Wednesday, February 27th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Salzgitter has a consensus rating of “Hold” and an average price target of €31.62 ($36.76).
Shares of ETR:SZG opened at €22.99 ($26.73) on Friday. The firm has a market cap of $1.25 billion and a PE ratio of 4.31. The company has a debt-to-equity ratio of 24.23, a quick ratio of 1.08 and a current ratio of 2.06. Salzgitter has a 1 year low of €22.70 ($26.40) and a 1 year high of €45.09 ($52.43).
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.
See Also: Bid-Ask Spread
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