Salzgitter (ETR:SZG) PT Set at €21.00 by Baader Bank

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Salzgitter (ETR:SZG) has been assigned a €21.00 ($24.42) price objective by research analysts at Baader Bank in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Baader Bank’s price target points to a potential upside of 150.54% from the stock’s previous close.

A number of other brokerages also recently issued reports on SZG. DZ Bank reiterated a “neutral” rating on shares of Salzgitter in a report on Wednesday, January 15th. Jefferies Financial Group set a €12.50 ($14.53) price objective on Salzgitter and gave the stock a “sell” rating in a research note on Monday. Independent Research set a €17.30 ($20.12) price objective on Salzgitter and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Deutsche Bank set a €17.00 ($19.77) target price on Salzgitter and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. set a €14.00 ($16.28) target price on shares of Salzgitter and gave the stock a “sell” rating in a report on Monday. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of €17.82 ($20.72).

Salzgitter stock opened at €8.38 ($9.75) on Monday. The business has a fifty day moving average of €14.57 and a two-hundred day moving average of €16.73. The company has a quick ratio of 1.13, a current ratio of 2.16 and a debt-to-equity ratio of 37.60. The firm has a market cap of $453.36 million and a P/E ratio of 9.18. Salzgitter has a twelve month low of €12.69 ($14.76) and a twelve month high of €31.51 ($36.64).

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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