JPMorgan Chase & Co. set a €25.00 ($29.07) target price on Leoni (ETR:LEO) in a report issued on Friday morning. The brokerage currently has a sell rating on the stock.
Several other research firms also recently weighed in on LEO. Warburg Research set a €36.00 ($41.86) price target on shares of Leoni and gave the company a neutral rating in a research note 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. 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. 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. Finally, Nord/LB set a €35.00 ($40.70) price objective on shares of Leoni and gave the stock a buy rating in a research note on Wednesday, November 14th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of €29.07 ($33.80).
Shares of Leoni stock traded down €9.74 ($11.33) on Friday, hitting €20.59 ($23.94). 2,568,713 shares of the company traded hands, compared to its average volume of 187,504. Leoni has a 52 week low of €39.21 ($45.59) and a 52 week 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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