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UBS has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 19 euros after the release of fourth-quarter figures. Analyst Andrew Jones noted that key metrics aligned with previous data, highlighting improved free cash flow due to working capital and ambitious long-term cost-saving goals.
UBS has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 19 euros after the release of the fourth-quarter figures. Analyst Andrew Jones noted that the key metrics aligned with previous data, highlighting improved free cash flow due to working capital and ambitious long-term cost-saving goals.
UBS has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 19 euros after the release of fourth-quarter figures. Analyst Andrew Jones noted that key metrics aligned with previous data, highlighting improved free cash flow due to working capital and ambitious long-term cost-saving goals.
Investors are anticipating a significant financial package from the German government as the Bundestag prepares to vote on a multi-billion euro economic stimulus plan. Meanwhile, the Federal Reserve is expected to maintain interest rates during its upcoming meeting, with attention on Jerome Powell's press conference for further insights. Key economic indicators, including US retail sales and the ZEW index, will also be closely monitored this week.
UBS has increased its price target for Salzgitter AG from 17 to 19 euros while maintaining a "Neutral" rating. Analyst Andrew Jones adjusted his estimates for 2024 and 2025 downward due to reduced business targets but raised projections for 2026, anticipating improved demand and efficiency measures. A potential takeover of the steel group is expected to bolster the share price.
UBS has increased its price target for Salzgitter AG from 17 to 19 euros while maintaining a "Neutral" rating. Analyst Andrew Jones adjusted his earnings estimates for 2024 and 2025 downward due to revised business targets but raised projections for 2026, anticipating improved demand and efficiency measures. A potential takeover of the steel group is expected to bolster the share price.
On November 11, 2024, UBS raised its target for Salzgitter to 19 euros, maintaining a 'Neutral' rating, while Deutsche Bank lowered its target to the same price with a 'Hold' rating. Meanwhile, JPMorgan rated Salzgitter 'Underweight' with a target of 11.50 euros, amidst ongoing market focus on the company's performance.
UBS AG has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 17 euros. Analyst Andrew Jones expressed concerns over the company's increasing debt burden following its quarterly report, indicating a persistently negative outlook.
Salzgitter AG, a German steel producer, operates through five segments: Strip Steel, Plates/Shaped Steel, Mannesmann, Trading, and Technology. The company manufactures a diverse range of steel products, including steel strips, pipes, and machinery components for beverage packaging. UBS maintains a neutral rating on the firm.
UBS has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 17 euros. Analyst Andrew Jones expressed concerns over the company's increasing debt burden following the quarterly report, indicating a persistently negative outlook.
Salzgitter AG
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UBS maintains neutral rating for Salzgitter with target price of 19 euros
17:54 21.03.2025
UBS maintains neutral rating for Salzgitter with target price of 19 euros
17:50 21.03.2025
ubs maintains neutral rating for salzgitter with target price of 19 euros
16:41 21.03.2025
DAX 40 outlook as investors await German financial package and Fed decision
13:18 17.03.2025
ubs raises salzgitter price target to 19 euros maintains neutral rating
14:43 13.11.2024
ubs raises salzgitter price target to 19 euros maintains neutral rating
13:55 13.11.2024
analysts adjust salzgitter stock targets amid ongoing market focus
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ubs maintains neutral rating for salzgitter with target price of 17 euros
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