Warburg Research Reiterates “€16.00” Price Target for ElringKlinger AG (ZIL2)
ElringKlinger AG (ETR:ZIL2) has been assigned a €16.00 ($18.60) price objective by equities research analysts at Warburg Research in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock. Warburg Research’s price target would indicate a potential upside of 12.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on ZIL2. Berenberg Bank set a €14.50 ($16.86) target price on shares of ElringKlinger AG and gave the stock a “neutral” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a €14.00 ($16.28) target price on shares of ElringKlinger AG and gave the stock a “sell” rating in a research note on Wednesday, July 26th. Hauck & Aufhaeuser set a €17.00 ($19.77) target price on shares of ElringKlinger AG and gave the stock a “neutral” rating in a research note on Friday, July 28th. Commerzbank Ag set a €19.25 ($22.38) target price on shares of ElringKlinger AG and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, equinet AG set a €14.00 ($16.28) price objective on shares of ElringKlinger AG and gave the stock a “sell” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of €15.96 ($18.56).
ElringKlinger AG (ETR:ZIL2) opened at €14.19 ($16.49) on Wednesday. ElringKlinger AG has a one year low of €12.72 ($14.79) and a one year high of €20.48 ($23.81).
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ElringKlinger AG 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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