Leoni (LEO) Given a €54.00 Price Target by JPMorgan Chase & Co. Analysts

Leoni (ETR:LEO) has been assigned a €54.00 ($61.36) target price by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 47.95% from the stock’s previous close.

Several other research analysts have also commented on the company. HSBC set a €65.00 ($73.86) target price on Leoni and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Berenberg Bank set a €75.00 ($85.23) target price on Leoni and gave the stock a “buy” rating in a research report on Thursday, May 24th. Nord/LB set a €62.00 ($70.45) target price on Leoni and gave the stock a “buy” rating in a research report on Thursday, May 17th. Credit Suisse Group set a €53.00 ($60.23) target price on Leoni and gave the stock a “neutral” rating in a research report on Friday, April 27th. Finally, Deutsche Bank set a €55.00 ($62.50) target price on Leoni and gave the stock a “neutral” rating in a research report on Thursday, May 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €55.64 ($63.23).

Shares of LEO opened at €36.50 ($41.48) on Wednesday. Leoni has a 52 week low of €39.21 ($44.56) and a 52 week high of €66.20 ($75.23).

Leoni Company Profile

LEONI AG, together with its subsidiaries, provides products, solutions, and services for energy and data management in the automotive sector and other industries worldwide. It operates in two divisions, Wiring Systems, and Wire & Cable Solutions. The Wiring Systems division provides complete wiring systems and customized cable harnesses for the motor vehicle industry.

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Analyst Recommendations for Leoni (ETR:LEO)

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