Leoni (ETR:LEO) Trading 1.6% Higher

Shares of Leoni Ag (ETR:LEO) traded up 1.6% during trading on Thursday . The stock traded as high as €11.55 ($13.43) and last traded at €11.47 ($13.34), 164,530 shares changed hands during mid-day trading. A decline of 12% from the average session volume of 187,504 shares. The stock had previously closed at €11.29 ($13.12).

Several equities analysts recently commented on the stock. Oddo Bhf set a €9.00 ($10.47) price target on shares of Leoni and gave the company a “sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. set a €12.00 ($13.95) price target on shares of Leoni and gave the company a “sell” rating in a research note on Wednesday, August 14th. Kepler Capital Markets set a €12.00 ($13.95) price target on shares of Leoni and gave the company a “sell” rating in a research note on Friday, June 28th. UBS Group set a €11.00 ($12.79) price target on shares of Leoni and gave the company a “sell” rating in a research note on Monday, July 8th. Finally, Warburg Research set a €14.00 ($16.28) price target on shares of Leoni and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Six analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Leoni has an average rating of “Hold” and an average price target of €15.98 ($18.58).

The stock has a market capitalization of $381.25 million and a price-to-earnings ratio of -2.05. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 148.10. The business’s 50 day simple moving average is €11.58 and its 200-day simple moving average is €14.27.

Leoni Company Profile (ETR:LEO)

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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