Leoni Ag (LEO) Given Average Recommendation of “Hold” by Brokerages
Leoni Ag (ETR:LEO) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is €53.62 ($62.34).
A number of research firms recently weighed in on LEO. Warburg Research set a €65.00 ($75.58) target price on shares of Leoni Ag and gave the company a “buy” rating in a research report on Monday, September 11th. Nord/LB set a €47.00 ($54.65) price target on shares of Leoni Ag and gave the company a “sell” rating in a research note on Tuesday, October 24th. UBS AG set a €39.00 ($45.35) price target on shares of Leoni Ag and gave the company a “sell” rating in a research note on Friday, September 8th. equinet AG set a €57.00 ($66.28) price target on shares of Leoni Ag and gave the company a “neutral” rating in a research note on Monday, October 9th. Finally, Commerzbank Ag set a €56.00 ($65.12) price target on shares of Leoni Ag and gave the company a “neutral” rating in a research note on Tuesday, October 24th.
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Leoni Ag (ETR:LEO) opened at €56.94 ($66.21) on Monday. Leoni Ag has a 12-month low of €29.02 ($33.74) and a 12-month high of €59.96 ($69.72).
About Leoni Ag
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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