Salzgitter, DE0006202005

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

Published on 10/18/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half pretax profit reached EUR 76.3 million on August 11, 2026. For Salzgitter stock, the next test is the nine-month report on November 12, 2026.

Analyst target and reporting date

JPMorgan raised its Salzgitter target from EUR 64.00 to EUR 65.00 on October 15, 2026.
First-half pretax profit reached EUR 76.30 million versus a EUR 83.80 million loss a year earlier.
Salzgitter stock closed at EUR 48.24 on October 16, 2026.
The next nine-month report is scheduled for November 12, 2026.

Makroaufnahme einer glühend heißen Stahlbramme mit metallischer Textur — Makroaufnahme einer glühenden Stahlbramme illustriert Salzgitter AG, ISIN DE0006202005, Materialdetail Stahlproduktion Nahaufnahme Textur, Illustration mit AI erstellt.

Salzgitter (ISIN DE0006202005) was last at EUR 48.24 on Xetra on October 16, 2026. Boerse Online reported on October 15, 2026, that JPMorgan raised its price target for Salzgitter from EUR 64.00 to EUR 65.00 and kept its Overweight rating.

JPMorgan sees steel recovery

The target increase was modest, but it keeps the analyst view tied to a possible improvement in European steel prices. JPMorgan analyst Dominic O'Kane cited limited room for positive earnings surprises in upcoming steel-sector reports, while pointing to potential earnings acceleration in the fourth quarter and in 2027, according to Boerse Online.

That leaves the target dependent on operating improvement rather than on the October change alone. Salzgitter operates across steel production, steel processing, trading and technology, giving its earnings picture more breadth than a pure steel producer.

What does the guidance change mean?

The first-half picture improved sharply: pretax profit reached EUR 76.3 million, compared with a EUR 83.8 million loss in the first half of 2025. The figures and the company guidance update were reported by Investing.com on October 9, 2026.

Two dates shape the calendar

Salzgitter has scheduled its nine-month 2026 quarterly statement and conference call for November 12, 2026. The company also lists publication of its 2026 consolidated financial statement and its annual press conference for March 18, 2027, on its Salzgitter investor-relations page.

Valuation meets execution risk

The market value stood at EUR 2.7 billion as of October 16, 2026, while the 52-week Xetra range was EUR 26.66 to EUR 67.60. The gap between the current closing price and the annual high shows why the earnings update and steel-price trend remain central to the target debate.

Stock price and next report

The last Xetra closing price was EUR 48.24 on October 16, 2026. The next material company date is November 12, 2026, when Salzgitter is due to publish its nine-month statement and hold its conference call.

The further course of trading is shown by the continuously updated real-time quote of Salzgitter stock.