ElringKlinger (ZIL2) Given a €16.00 Price Target by Commerzbank Analysts
ElringKlinger (ETR:ZIL2) has been assigned a €16.00 ($19.05) price target by research analysts at Commerzbank in a report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s price objective points to a potential downside of 13.70% from the company’s previous close.
Several other brokerages have also recently issued reports on ZIL2. JPMorgan Chase & Co. set a €13.10 ($15.60) price target on shares of ElringKlinger and gave the company a “sell” rating in a research report on Friday, January 5th. DZ Bank reiterated a “neutral” rating on shares of ElringKlinger in a research report on Thursday, January 4th. Warburg Research set a €15.00 ($17.86) price target on shares of ElringKlinger and gave the company a “neutral” rating in a research report on Thursday, December 28th. Hauck & Aufhaeuser set a €25.00 ($29.76) price target on shares of ElringKlinger and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Berenberg Bank set a €14.50 ($17.26) price target on shares of ElringKlinger and gave the company a “neutral” rating in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. ElringKlinger currently has an average rating of “Hold” and an average price target of €15.63 ($18.61).
ElringKlinger (ZIL2) opened at €18.54 ($22.07) on Friday. ElringKlinger has a 52-week low of €13.48 ($16.05) and a 52-week high of €20.48 ($24.38). The stock has a market cap of $1,170.00 and a PE ratio of 14.83.
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ElringKlinger Company Profile
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces, and markets cylinder-head, specialty gaskets, and lightweight plastic components and housing modules for the powertrain and vehicle body, as well as thermal and acoustic parts for engine, transmission, and exhaust tract applications.
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