Macquarie Analysts Give Salzgitter (ETR:SZG) a €21.00 Price Target
Macquarie set a €21.00 ($24.42) price objective on Salzgitter (ETR:SZG) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other equities analysts also recently commented on the stock. Oddo Bhf set a €16.50 ($19.19) price objective on shares of UniCredit and gave the stock a buy rating in a research report on Wednesday, May 15th. Morgan Stanley set a €125.00 ($145.35) price target on shares of Siemens and gave the stock a buy rating in a research note on Tuesday, June 25th. Jefferies Financial Group set a $250.00 price target on shares of FleetCor Technologies and gave the stock a hold rating in a research note on Tuesday, April 23rd. Deutsche Bank upped their price target on shares of Macy’s from $27.00 to $28.00 and gave the stock a hold rating in a research note on Thursday, May 16th. Finally, Baader Bank set a €140.00 ($162.79) price target on shares of zooplus and gave the stock a buy rating in a research note on Monday, June 17th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of €30.79 ($35.81).
Shares of SZG opened at €21.04 ($24.47) on Tuesday. The company has a market capitalization of $1.14 billion and a P/E ratio of 3.95. 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 twelve month low of €21.60 ($25.12) and a twelve month high of €44.00 ($51.16). The firm’s 50 day moving average price is €23.77.
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.
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