Salzgitter (ETR:SZG) Given “Neutral” Rating at DZ Bank

DZ Bank restated their neutral rating on shares of Salzgitter (ETR:SZG) in a report released on Monday morning, Borsen Zeitung reports.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. set a €14.00 ($16.28) price objective on shares of Salzgitter and gave the stock a sell rating in a report on Monday, November 11th. Kepler Capital Markets set a €13.00 ($15.12) price target on shares of Salzgitter and gave the company a sell rating in a report on Wednesday, October 2nd. Goldman Sachs Group set a €21.00 ($24.42) price target on shares of Salzgitter and gave the company a neutral rating in a report on Wednesday, November 13th. Morgan Stanley set a €24.00 ($27.91) price target on shares of Salzgitter and gave the company a neutral rating in a report on Tuesday, September 24th. Finally, Deutsche Bank set a €20.00 ($23.26) price target on shares of Salzgitter and gave the company a neutral rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company presently has a consensus rating of Hold and an average price target of €21.14 ($24.58).

Shares of SZG traded up €0.20 ($0.23) during mid-day trading on Monday, reaching €17.57 ($20.43). The company’s stock had a trading volume of 369,437 shares, compared to its average volume of 273,405. The stock has a market cap of $965.73 million and a PE ratio of 4.26. 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 52 week low of €14.13 ($16.43) and a 52 week high of €35.58 ($41.37). The company’s fifty day moving average price is €16.49 and its two-hundred day moving average price is €20.30.

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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Analyst Recommendations for Salzgitter (ETR:SZG)

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