ElringKlinger (ETR:ZIL2) has been assigned a €6.00 ($6.98) target price by equities researchers at Oddo Bhf in a research note issued on Tuesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. Oddo Bhf’s price target would indicate a potential downside of 26.29% from the company’s current price.
Separately, Deutsche Bank set a €5.00 ($5.81) price target on shares of ElringKlinger and gave the stock a “neutral” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a sell rating and two have issued a hold rating to the company. ElringKlinger currently has an average rating of “Sell” and an average target price of €5.14 ($5.98).
ElringKlinger stock traded up €0.29 ($0.34) during mid-day trading on Tuesday, hitting €8.14 ($9.47). 254,438 shares of the stock were exchanged, compared to its average volume of 156,628. The company has a quick ratio of 0.70, a current ratio of 1.59 and a debt-to-equity ratio of 88.04. ElringKlinger has a 12 month low of €4.29 ($4.99) and a 12 month high of €8.36 ($9.72). The firm’s fifty day simple moving average is €6.62 and its two-hundred day simple moving average is €5.70. The stock has a market capitalization of $515.75 million and a price-to-earnings ratio of -119.71.
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells lightweight components, thermal and acoustic shielding systems, cylinder-head and specialty gaskets, battery and fuel cell systems, and electric drive units.
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