Salzgitter, DE0006202005

JPMorgan raises target for Salzgitter stock from EUR 64 to EUR 65

Published on 10/15/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half pretax profit reached EUR 76.3 million. Salzgitter stock costs EUR 47.68 on October 15, 2026, 1.45 percent below its EUR 48.38 Xetra close.

Analyst targets and reporting dates

JPMorgan lifted its Salzgitter target to EUR 65.00 on October 15, 2026.
First-half 2026 pretax profit reached EUR 76.3 million after a loss of EUR 83.8 million.
Salzgitter stock trades at EUR 47.68 at 12:37 p.m. CEST at Lang & Schwarz on October 15, 2026, 1.45 percent below the Xetra close of October 14, 2026.
The next nine-month results are scheduled for November 12, 2026.

Isometrisches Diagramm der Stahlproduktion von Rohstoff bis Fertigware — Isometrische 3D-Grafik der Stahl-Wertschöpfungskette zeigt Salzgitter AG, ISIN DE0006202005, Produktionsprozess Hochofen Walzstraße Diagramm, Illustration mit AI erstellt.

Salzgitter stock (ISIN DE0006202005) was trading at EUR 47.68 at Lang & Schwarz on October 15, 2026 at 12:37 p.m. CEST, down 1.45 percent versus the Xetra close of October 14, 2026. Boerse Online reported on October 15, 2026 that JPMorgan raised its target for Salzgitter from EUR 64.00 to EUR 65.00 and kept its Overweight rating.

Why JPMorgan raised its target

JPMorgan analyst Dominic O'Kane said in the study that European steel companies had limited room for positive earnings surprises in the coming quarterly reports. The bank nevertheless pointed to expected steel price increases and faster earnings growth in the fourth quarter of 2026 and in 2027, according to Boerse Online.

Three events shaped the stock

On August 11, 2026, Salzgitter reported a first-half pretax profit of EUR 76.3 million, compared with a loss of EUR 83.8 million a year earlier, according to Investing.com. On October 9, 2026, UBS raised its target from EUR 56.00 to EUR 71.00 and upgraded the stock from Neutral to Buy, the same report said. On October 15, 2026, JPMorgan lifted its target from EUR 64.00 to EUR 65.00.

What comes next for Salzgitter

The next nine-month results are scheduled for November 12, 2026, with a conference call at 10:00 a.m. CEST. Salzgitter's investor-relations calendar also lists publication of the 2026 consolidated financial statements and the annual press conference for March 18, 2027, according to Salzgitter AG.

Price sets the near-term test

The analyst targets remain well above the current euro quote, but JPMorgan also cautioned that the next quarterly results may offer limited room for positive surprises. For investors, the November report will test whether higher steel prices are translating into the earnings acceleration described by the bank.

Salzgitter stock was trading at EUR 47.68 at Lang & Schwarz on October 15, 2026 at 12:37 p.m. CEST, 1.45 percent below the Xetra close of October 14, 2026 at EUR 48.38. The further course of trading is shown by the continuously updated real-time quote of Salzgitter stock.