Leoni (ETR:LEO) has been given a €68.00 ($80.95) price target by equities research analysts at Warburg Research in a research report issued on Thursday, November 16th. The brokerage presently has a “buy” rating on the stock. Warburg Research’s price objective would indicate a potential upside of 9.50% from the company’s previous close.
A number of other research analysts have also issued reports on LEO. Hauck & Aufhaeuser set a €67.00 ($79.76) price objective on shares of Leoni and gave the company a “buy” rating in a report on Friday, July 21st. J P Morgan Chase & Co set a €50.00 ($59.52) target price on shares of Leoni and gave the company a “neutral” rating in a research report on Wednesday, July 26th. equinet set a €51.00 ($60.71) target price on shares of Leoni and gave the company a “neutral” rating in a research report on Friday, July 28th. Commerzbank set a €56.00 ($66.67) target price on shares of Leoni and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, Deutsche Bank set a €35.00 ($41.67) target price on shares of Leoni and gave the company a “sell” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Leoni currently has a consensus rating of “Hold” and an average target price of €55.43 ($65.99).
Shares of Leoni (LEO) traded up €0.39 ($0.46) during midday trading on Thursday, reaching €62.10 ($73.93). 118,431 shares of the company were exchanged, compared to its average volume of 196,498. Leoni has a 1-year low of €29.02 ($34.55) and a 1-year high of €63.88 ($76.05).
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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