Leoni (ETR:LEO) has been given a €7.80 ($9.07) target price by equities research analysts at Kepler Capital Markets in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Kepler Capital Markets’ price objective points to a potential downside of 33.08% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Independent Research set a €8.00 ($9.30) price objective on Leoni and gave the stock a “sell” rating in a report on Monday, August 19th. JPMorgan Chase & Co. set a €7.60 ($8.84) price objective on Leoni and gave the stock a “sell” rating in a report on Wednesday. Deutsche Bank set a €10.00 ($11.63) price objective on Leoni and gave the stock a “neutral” rating in a report on Thursday, August 15th. Oddo Bhf set a €9.00 ($10.47) price objective on Leoni and gave the stock a “sell” rating in a report on Tuesday, July 30th. Finally, Hauck & Aufhaeuser set a €4.00 ($4.65) price objective on Leoni and gave the stock a “sell” rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €13.43 ($15.62).
ETR LEO traded down €1.04 ($1.21) during trading on Wednesday, reaching €11.66 ($13.55). The company’s stock had a trading volume of 945,427 shares, compared to its average volume of 187,504. The firm has a fifty day moving average of €11.63 and a 200 day moving average of €13.07. Leoni has a one year low of €8.08 ($9.39) and a one year high of €34.70 ($40.35). The company has a debt-to-equity ratio of 148.10, a current ratio of 0.90 and a quick ratio of 0.49. The stock has a market capitalization of $380.76 million and a PE ratio of -2.05.
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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