Leoni (LEO) Given a €75.00 Price Target at Berenberg Bank
LEO has been the topic of a number of other research reports. Warburg Research set a €65.00 ($77.38) target price on shares of Leoni and gave the company a buy rating in a research note on Monday, September 11th. Nord/LB set a €47.00 ($55.95) price target on shares of Leoni and gave the company a sell rating in a research report on Tuesday, October 24th. J P Morgan Chase & Co set a €50.00 ($59.52) price target on shares of Leoni and gave the company a neutral rating in a research report on Thursday, November 16th. Commerzbank set a €57.00 ($67.86) price target on shares of Leoni and gave the company a neutral rating in a research report on Wednesday, November 15th. Finally, equinet set a €57.00 ($67.86) price target on shares of Leoni and gave the company a neutral rating in a research report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of €55.79 ($66.41).
Shares of Leoni (LEO) traded down €0.82 ($0.98) on Wednesday, hitting €62.51 ($74.42). 169,342 shares of the stock were exchanged, compared to its average volume of 192,692. Leoni has a 52-week low of €31.80 ($37.86) and a 52-week high of €64.20 ($76.43).
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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