Independent Research Reiterates €27.00 Price Target for Salzgitter (ETR:SZG)

Salzgitter (ETR:SZG) received a €27.00 ($31.40) price objective from stock analysts at Independent Research in a note issued to investors on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target would suggest a potential upside of 17.19% from the company’s previous close.

A number of other analysts have also recently weighed in on SZG. Goldman Sachs Group set a €27.50 ($31.98) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Friday, February 15th. Oddo Bhf set a €24.00 ($27.91) price target on Salzgitter and gave the stock a “sell” rating in a research report on Friday, February 22nd. JPMorgan Chase & Co. set a €26.50 ($30.81) price target on Salzgitter and gave the stock a “sell” rating in a research report on Monday, February 25th. Jefferies Financial Group set a €28.00 ($32.56) price target on Salzgitter and gave the stock a “neutral” rating in a research report on Wednesday, February 27th. Finally, Nord/LB set a €32.00 ($37.21) price target on Salzgitter and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Four investment 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 has a consensus rating of “Hold” and an average price target of €31.62 ($36.76).

Shares of ETR:SZG opened at €23.04 ($26.79) on Friday. Salzgitter has a fifty-two week low of €22.70 ($26.40) and a fifty-two week high of €45.09 ($52.43). The stock has a market capitalization of $1.25 billion and a price-to-earnings ratio of 4.32. 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 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.

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Analyst Recommendations for Salzgitter (ETR:SZG)

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