Macquarie Analysts Give ElringKlinger AG (ETR:ZIL2) a €19.00 Price Target

Macquarie set a €19.00 ($22.35) price objective on ElringKlinger AG (ETR:ZIL2) in a research report released on Tuesday. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on ZIL2. JPMorgan Chase & Co. set a €14.00 ($16.47) price target on shares of ElringKlinger AG and gave the company a sell rating in a report on Saturday, May 20th. Berenberg Bank set a €14.50 ($17.06) price target on shares of ElringKlinger AG and gave the company a neutral rating in a report on Monday, July 24th. equinet AG set a €17.00 ($20.00) price target on shares of ElringKlinger AG and gave the company a sell rating in a report on Saturday, May 20th. Independent Research GmbH set a €21.00 ($24.71) price target on shares of ElringKlinger AG and gave the company a neutral rating in a report on Saturday, May 20th. Finally, Hauck & Aufhaeuser set a €17.00 ($20.00) price target on shares of ElringKlinger AG and gave the company a neutral rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of €16.78 ($19.74).

ElringKlinger AG (ZIL2) opened at 15.243 on Tuesday. The company has a 50-day moving average of €16.44 and a 200 day moving average of €17.08. ElringKlinger AG has a one year low of €12.77 and a one year high of €20.34. The firm has a market capitalization of €965.78 million and a price-to-earnings ratio of 11.725.

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About ElringKlinger AG

Elringklinger AG is a Germany-based automotive supplier. The Company operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces and sells parts and assemblies for vehicle engines, transmission units and exhaust systems, as well as battery and fuel cell components.

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