Salzgitter’s (ETR:SZG) “Neutral” Rating Reiterated at DZ Bank

Salzgitter (ETR:SZG)‘s stock had its “neutral” rating reiterated by DZ Bank in a research report issued on Thursday, September 26th, Borsen Zeitung reports.

Several other analysts have also recently commented on the stock. Macquarie set a €16.00 ($18.60) price objective on shares of Salzgitter and gave the company a “sell” rating in a research note on Tuesday, September 24th. Morgan Stanley set a €24.00 ($27.91) price objective on shares of Salzgitter and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Baader Bank set a €30.00 ($34.88) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Monday, August 12th. Independent Research set a €18.70 ($21.74) target price on shares of Salzgitter and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group set a €14.00 ($16.28) target price on shares of Salzgitter and gave the stock a “sell” rating in a research report on Tuesday, September 24th. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of €22.67 ($26.36).

Salzgitter stock traded up €0.73 ($0.85) during midday trading on Thursday, hitting €16.04 ($18.65). 633,539 shares of the company’s stock were exchanged, compared to its average volume of 273,405. The stock has a market cap of $867.56 million and a price-to-earnings ratio of 3.89. The firm’s 50 day simple moving average is €16.23 and its 200 day simple moving average is €22.40. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.25 and a current ratio of 2.30. Salzgitter has a 12-month low of €14.13 ($16.43) and a 12-month high of €41.08 ($47.77).

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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