Leoni Ag (LEO) Given a €70.00 Price Target at Berenberg Bank
Leoni Ag (ETR:LEO) received a €70.00 ($83.33) target price from equities research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock.
LEO has been the topic of a number of other reports. Hauck & Aufhaeuser set a €67.00 ($79.76) price objective on Leoni Ag and gave the company a “buy” rating in a research report on Friday, July 21st. UBS AG set a €39.00 ($46.43) price target on Leoni Ag and gave the stock a “sell” rating in a report on Friday, September 8th. Nord/LB set a €44.00 ($52.38) price target on Leoni Ag and gave the stock a “sell” rating in a report on Friday, May 26th. equinet AG set a €51.00 ($60.71) price target on Leoni Ag and gave the stock a “neutral” rating in a report on Friday, July 28th. Finally, Deutsche Bank AG set a €35.00 ($41.67) price target on Leoni Ag and gave the stock a “sell” rating in a report on Monday, May 29th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Leoni Ag has a consensus rating of “Hold” and a consensus target price of €51.00 ($60.71).
Shares of Leoni Ag (ETR LEO) traded up 0.75% during midday trading on Wednesday, hitting €54.24. 1,795 shares of the stock were exchanged. Leoni Ag has a 52-week low of €29.09 and a 52-week high of €56.03. The firm’s 50 day moving average price is €51.93 and its 200-day moving average price is €48.73. The stock has a market cap of €1.77 billion and a P/E ratio of 26.80.
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Leoni Ag Company Profile
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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