Salzgitter (ETR:SZG) Given a €19.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €19.00 ($22.09) price objective on Salzgitter (ETR:SZG) in a report released on Monday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Other equities research analysts have also issued reports about the stock. Goldman Sachs Group set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the stock a neutral rating in a report on Monday. DZ Bank restated a neutral rating on shares of Salzgitter in a report on Tuesday, June 18th. Oddo Bhf set a €22.00 ($25.58) price objective on shares of Salzgitter and gave the stock a sell rating in a report on Wednesday, May 15th. Nord/LB set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the stock a buy rating in a report on Tuesday, June 4th. Finally, Macquarie set a €18.00 ($20.93) price objective on shares of Salzgitter and gave the stock a sell rating in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Salzgitter presently has an average rating of Hold and an average target price of €24.88 ($28.93).

Shares of ETR:SZG opened at €14.97 ($17.40) on Monday. Salzgitter has a 12 month low of €16.96 ($19.72) and a 12 month high of €44.00 ($51.16). The company has a quick ratio of 1.08, a current ratio of 2.06 and a debt-to-equity ratio of 24.23. The company’s fifty day simple moving average is €20.62 and its 200 day simple moving average is €24.89. The firm has a market cap of $809.42 million and a price-to-earnings ratio of 2.81.

About Salzgitter

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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