Deutsche Bank Analysts Give Salzgitter (ETR:SZG) a €27.00 Price Target

Deutsche Bank set a €27.00 ($31.40) price target on Salzgitter (ETR:SZG) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also commented on SZG. Oddo Bhf set a €22.00 ($25.58) price objective on shares of Salzgitter and gave the company a sell rating in a research note on Wednesday, May 15th. DZ Bank reaffirmed a neutral rating on shares of Salzgitter in a research note on Tuesday, August 13th. Goldman Sachs Group set a €28.00 ($32.56) price objective on shares of Salzgitter and gave the company a neutral rating in a research note on Monday, August 12th. Independent Research set a €18.70 ($21.74) price objective on shares of Salzgitter and gave the company a neutral rating in a research note on Tuesday, August 13th. Finally, Commerzbank set a €26.00 ($30.23) price objective on shares of Salzgitter and gave the company a neutral rating in a research note on Monday, August 12th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The company has an average rating of Hold and an average target price of €24.61 ($28.62).

SZG stock opened at €15.27 ($17.76) on Monday. The company has a current ratio of 2.30, a quick ratio of 1.25 and a debt-to-equity ratio of 40.20. Salzgitter has a one year low of €14.46 ($16.81) and a one year high of €44.00 ($51.16). The firm has a market capitalization of $825.91 million and a PE ratio of 3.70. The firm has a 50-day moving average of €19.44 and a two-hundred day moving average of €24.58.

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.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Salzgitter (ETR:SZG)

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