Leoni (ETR:LEO) has been assigned a €57.00 ($70.37) target price by JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 3.75% from the company’s current price.
Other analysts have also issued reports about the company. Oddo Bhf set a €68.00 ($83.95) price objective on Leoni and gave the company a “buy” rating in a report on Monday, November 13th. Warburg Research set a €65.00 ($80.25) price objective on Leoni and gave the company a “buy” rating in a report on Monday, October 16th. Berenberg Bank set a €75.00 ($92.59) price objective on Leoni and gave the company a “buy” rating in a report on Wednesday, December 13th. Commerzbank set a €56.00 ($69.14) price objective on Leoni and gave the company a “neutral” rating in a report on Tuesday, October 24th. Finally, equinet set a €57.00 ($70.37) price objective on Leoni and gave the company a “neutral” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Leoni presently has an average rating of “Hold” and a consensus price target of €57.36 ($70.81).
Shares of Leoni (ETR LEO) opened at €54.94 ($67.83) on Thursday. Leoni has a 1-year low of €35.74 ($44.12) and a 1-year high of €66.18 ($81.70). The company has a market capitalization of $1,790.00 and a P/E ratio of 15.01.
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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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