Leoni Ag (LEO) Receives €55.79 Average Price Target from Brokerages
Leoni Ag (ETR:LEO) has received an average recommendation of “Hold” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is €56.29 ($67.01).
A number of brokerages recently weighed in on LEO. JPMorgan Chase & Co. set a €57.00 ($67.86) price objective on shares of Leoni and gave the stock a “neutral” rating in a report on Friday. HSBC set a €60.00 ($71.43) price objective on shares of Leoni and gave the stock a “neutral” rating in a report on Wednesday, November 29th. Berenberg Bank set a €75.00 ($89.29) price objective on shares of Leoni and gave the stock a “buy” rating in a report on Wednesday, December 13th. UBS Group set a €47.00 ($55.95) price objective on shares of Leoni and gave the stock a “sell” rating in a report on Friday, November 24th. Finally, Oddo Bhf set a €68.00 ($80.95) price objective on shares of Leoni and gave the stock a “buy” rating in a report on Tuesday, November 7th.
Shares of Leoni (LEO) traded up €0.74 ($0.88) during midday trading on Tuesday, reaching €64.14 ($76.36). 182,719 shares of the company were exchanged, compared to its average volume of 128,727. Leoni has a 52 week low of €34.94 ($41.60) and a 52 week high of €64.72 ($77.05). The stock has a market cap of $2,100.00 and a price-to-earnings ratio of 17.52.
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LEONI AG, together with its subsidiaries, provides wires, optical fibers, cables, and cable systems; and related services for applications in the automotive and other industries worldwide. It operates in two segments, Wire & Cable Solutions, and Wiring Systems. The Wire & Cable Solutions segment develops, produces, and assembles wires and stands, optical fibers, standard and special cables, hybrid and optical cables, and various cable systems.
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