Latest news with #Salzgitter
Business Insider
a day ago
- Business
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Salzgitter (0G77)
Kepler Capital analyst Boris Bourdet maintained a Buy rating on Salzgitter on July 17 and set a price target of €29.00. The company's shares closed last Thursday at €26.12. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Bourdet is a 4-star analyst with an average return of 15.1% and a 90.63% success rate. Bourdet covers the Industrials sector, focusing on stocks such as thyssenkrupp, Salzgitter, and Kloeckner & Co. SE. The word on The Street in general, suggests a Hold analyst consensus rating for Salzgitter with a €26.44 average price target. 0G77 market cap is currently €1.5B and has a P/E ratio of -3.52.
Bloomberg
11-07-2025
- Business
- Bloomberg
German Steelmaker Salzgitter Thrust Into Defense-Stock Spotlight
A German steelmaker became the latest stock to benefit from a surge in European defense spending this week after getting the go-ahead for one of its products to be used for military purposes. Salzgitter AG shares are up 30% since last Friday's close, with a large part of the gains coming after Germany approved the company's Secure 500 product, which has a level of steel hardness that can withstand ballistic attacks. Cautious comments from analysts failed to quell investor enthusiasm as the stock traded 14% above its average price target and headed for its best weekly gain this year.
Business Insider
09-07-2025
- Business
- Business Insider
Salzgitter (0G77) Gets a Hold from UBS
UBS analyst Andrew Jones CFA maintained a Hold rating on Salzgitter today and set a price target of €21.70. The company's shares closed yesterday at €27.20. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Jones CFA is a 3-star analyst with an average return of 4.3% and a 62.34% success rate. Jones CFA covers the Basic Materials sector, focusing on stocks such as ArcelorMittal, Commercial Metals Company, and Nucor. The word on The Street in general, suggests a Hold analyst consensus rating for Salzgitter with a €26.39 average price target. The company has a one-year high of €28.14 and a one-year low of €13.00. Currently, Salzgitter has an average volume of 1,874.
Business Recorder
09-07-2025
- Business
- Business Recorder
European shares rise on energy, healthcare boost
FRANKFURT: European shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of US President Donald Trump's tariff rollouts, which included a new deadline for trade deals. The pan-European STOXX 600 index ended 0.4% higher, hitting its highest level in three weeks. Other regional indexes also clocked gains, with Germany's DAX and France's CAC 40 up about 0.5% each. German small caps also hit an all-time high on Tuesday, powered by a 20% jump in steelmaker Salzgitter after Germany approved for military use the company's Secure 500 steel product. Heavyweight energy shares advanced 1.1% on higher crude oil prices, and healthcare gained 0.8% with Danish drugmaker Novo Nordisk, one of the biggest weights on the STOXX 600, up 2%. In the latest in the tariff saga, Trump on Monday told 14 nations they would face tariffs ranging from 25% for countries including Japan and South Korea, to 40% for Laos and Myanmar. However, with the start date pushed back to August 1, it effectively created a three-week window for countries to press for better terms, while prolonging damaging uncertainty about the terms of trade. 'Trump's decision to push the tariff deadline to August 1 may have temporarily soothed market nerves, but the underlying uncertainty remains,' said Lukman Otunuga, senior market analyst at FXTM. 'If no meaningful trade deals are reached in the coming weeks, investors could brace for another wave of volatility.' For Europe, EU sources familiar with the matter told Reuters on Monday the bloc will not receive a letter from the United States setting out higher tariffs, and is eyeing possible exemptions from the US baseline levy of 10%. Countries have been under pressure to seal deals with the US after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to scramble to protect their economies. For European equities, the STOXX 600 has rebounded sharply from its April lows and now sits about 3% away from its all-time highs seen in March.
Business Times
08-07-2025
- Business
- Business Times
Europe: Shares rise on energy, healthcare boost; tariff uncertainty lingers
EUROPEAN shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of US President Donald Trump's tariff rollouts, which included a new deadline for trade deals. The pan-European Stoxx 600 index ended 0.41 per cent higher at 545.71, hitting its highest level in three weeks. Other regional indexes also clocked gains, with Germany's DAX and France's CAC 40 up about 0.5 per cent each. German small caps also hit an all-time high on Tuesday, powered by a 20 per cent jump in steelmaker Salzgitter after Germany approved for military use the company's Secure 500 steel product. Heavyweight energy shares advanced 1.1 per cent on higher crude oil prices, and healthcare gained 0.8 per cent with Danish drugmaker Novo Nordisk, one of the biggest weights on the Stoxx 600, up 2 per cent. In the latest in the tariff saga, Trump on Monday told 14 nations they would face tariffs ranging from 25 per cent for countries including Japan and South Korea, to 40 per cent for Laos and Myanmar. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up However, with the start date pushed back to August 1, it effectively created a three-week window for countries to press for better terms, while prolonging damaging uncertainty about the terms of trade. 'Trump's decision to push the tariff deadline to August 1 may have temporarily soothed market nerves, but the underlying uncertainty remains,' said Lukman Otunuga, senior market analyst at FXTM. 'If no meaningful trade deals are reached in the coming weeks, investors could brace for another wave of volatility.' For Europe, EU sources familiar with the matter told Reuters on Monday the bloc will not receive a letter from the United States setting out higher tariffs, and is eyeing possible exemptions from the US baseline levy of 10 per cent. Countries have been under pressure to seal deals with the US after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to scramble to protect their economies. For European equities, the Stoxx 600 has rebounded sharply from its April lows and now sits about 3 per cent away from its all-time highs seen in March. On Monday, Swedish investment company Kinnevik climbed to the top of the Stoxx 600 with an 8.5 per cent rise after reporting a 2 per cent quarter-to-quarter growth in its second quarter net asset value. The latest earnings forecasts showed the outlook for European corporate health has deteriorated, with companies expected to report a drop of 0.2 per cent year-on-year in second-quarter earnings, on average, according to LSEG I/B/E/S data. The European earnings season will kick into gear next week, with the world's biggest supplier of computer chip-making equipment ASML being the first of the heavyweights to report. REUTERS
