Salzgitter, DE0006202005

Jefferies keeps Buy rating for Salzgitter stock at EUR 66.00 target

Published on 10/05/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was EUR 2.24 billion versus EUR 2.34 billion. Salzgitter stock costs EUR 46.64 on October 5, 2026 versus EUR 48.42.

Stahlwerk mit glühendem Hochofen bei Dämmerung, Salzgitter AG Symbolbild — Fotorealistisches Stahlwerk bei Dämmerung symbolisiert Salzgitter AG, ISIN DE0006202005, Stahlbranche Deutschland Investition, Illustration mit AI erstellt.

Salzgitter stock (ISIN DE0006202005) was trading at EUR 46.64 at Lang & Schwarz on October 5, 2026 at 1:38 p.m. CEST, down 3.68 percent versus the prior close of EUR 48.42. On September 23, 2026, FinanzNachrichten.de reported that Jefferies kept its Buy rating and EUR 66.00 price target for Salzgitter. The target lies 41.51 percent above the Lang & Schwarz price.

Jefferies sees room for margins

Jefferies analyst Cole Hathorn said customer destocking was largely complete, according to the September 23 report. The analyst expects European steel prices to rise by next year after consolidation in September and October, despite subdued demand.

The same report links that expected price improvement to margin expansion and says analyst estimates for Salzgitter's operating profit in 2027 could rise. It also points to manageable energy costs because coal remains the main production fuel.

Second-quarter revenue was EUR 2.24 billion

finanzen.ch reported that Salzgitter's second-quarter 2026 revenue was EUR 2.24 billion, compared with EUR 2.34 billion in the year-earlier quarter. Earnings per share improved to minus EUR 0.75 from minus EUR 1.02.

That combination gives the stock a mixed operating signal: revenue was lower year over year, while the per-share loss narrowed by EUR 0.27. The figures are the latest quarterly comparison used here and are separate from the analyst's 2027 profit expectations.

Stock remains below its yearly high

At EUR 46.64 on October 5, 2026, Salzgitter stock stood 31.01 percent below its 52-week high of EUR 67.60 and 74.94 percent above its 52-week low of EUR 26.66. Market capitalization was EUR 2.5 billion on the same date.

The valuation context matters because Jefferies' EUR 66.00 target is above the current euro quote, while the recent quarterly figures still show weaker revenue. The next test is scheduled reporting rather than a new valuation assumption.

Next results date is November 12

Salzgitter's investor-relations calendar lists the publication of its nine-month 2026 results for November 12, 2026, with a conference call at 10:00 a.m. CEST, according to Salzgitter AG. That date gives investors the next scheduled company-specific update after the second-quarter revenue of EUR 2.24 billion.

Salzgitter trades below its yearly high

Salzgitter stock was trading at EUR 46.64 at Lang & Schwarz on October 5, 2026 at 1:38 p.m. CEST, down 3.68 percent versus the Lang & Schwarz prior close of EUR 48.42. The further course of trading is shown by the continuously updated real-time quote of Salzgitter stock.