Leoni Ag (LEO) Given Consensus Rating of “Hold” by Brokerages
Shares of Leoni Ag (ETR:LEO) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is €28.21 ($32.81).
Several brokerages have recently commented on LEO. Warburg Research set a €36.00 ($41.86) price target on shares of Leoni and gave the stock a “neutral” rating in a research report on Tuesday, January 29th. Credit Suisse Group set a €30.00 ($34.88) price objective on shares of Leoni and gave the stock a “neutral” rating in a research note on Friday, February 1st. JPMorgan Chase & Co. set a €27.00 ($31.40) price objective on shares of Leoni and gave the stock a “sell” rating in a research note on Thursday, December 13th. UBS Group set a €21.00 ($24.42) price objective on shares of Leoni and gave the stock a “sell” rating in a research note on Thursday, January 10th. Finally, Kepler Capital Markets set a €27.00 ($31.40) price objective on shares of Leoni and gave the stock a “sell” rating in a research note on Friday, December 14th.
Shares of ETR:LEO traded down €0.32 ($0.37) during trading on Wednesday, hitting €20.27 ($23.57). 1,132,600 shares of the company’s stock were exchanged, compared to its average volume of 187,504. Leoni has a 1-year low of €39.21 ($45.59) and a 1-year high of €66.20 ($76.98).
LEONI AG, together with its subsidiaries, provides products, solutions, and services for energy and data management in the automotive sector and other industries worldwide. It operates in two divisions, Wiring Systems, and Wire & Cable Solutions. The Wiring Systems division provides complete wiring systems and customized cable harnesses for the motor vehicle industry.
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