Leoni Ag (ETR:LEO) has been given a €65.00 ($74.71) price target by Warburg Research in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock.
A number of other equities analysts also recently issued reports on the company. Deutsche Bank AG set a €35.00 ($40.23) price target on Leoni Ag and gave the stock a “sell” rating in a research note on Monday, May 29th. Nord/LB set a €44.00 ($50.57) price target on Leoni Ag and gave the stock a “sell” rating in a research note on Friday, May 26th. Berenberg Bank set a €65.00 ($74.71) price target on Leoni Ag and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Independent Research GmbH set a €56.00 ($64.37) price target on Leoni Ag and gave the stock a “neutral” rating in a research note on Monday, May 29th. Finally, Hauck & Aufhaeuser set a €64.00 ($73.56) price target on Leoni Ag and gave the stock a “buy” rating in a research note on Saturday, May 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of €51.20 ($58.85).
Shares of Leoni Ag (ETR:LEO) opened at 50.339 on Friday. The company has a market capitalization of €1.64 billion and a price-to-earnings ratio of 51.736. Leoni Ag has a 52 week low of €23.04 and a 52 week high of €55.85. The firm has a 50 day moving average price of €49.56 and a 200 day moving average price of €42.97.
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About Leoni Ag
Leoni AG is a Germany-based company that provides wires, optical fibers, cables, cable systems, and related services. The Company’s main target market is the automotive and commercial vehicles industry, but it also supplies its products to the healthcare, communication and infrastructure, electrical appliances, as well as conductors and copper solutions industries.
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