UBS AG Analysts Give Leoni Ag (LEO) a €39.00 Price Target
Leoni Ag (ETR:LEO) has been assigned a €39.00 ($46.43) price target by analysts at UBS AG in a report released on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “sell” rating on the stock.
A number of other equities research analysts have also recently commented on the company. Deutsche Bank AG set a €35.00 ($41.67) price objective on Leoni Ag and gave the stock a “sell” rating in a research note on Monday, May 29th. Hauck & Aufhaeuser set a €64.00 ($76.19) price objective on Leoni Ag and gave the stock a “buy” rating in a research note on Thursday, July 6th. Nord/LB set a €44.00 ($52.38) price objective on Leoni Ag and gave the stock a “sell” rating in a research note on Friday, May 26th. Berenberg Bank set a €65.00 ($77.38) price objective on Leoni Ag and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Warburg Research set a €65.00 ($77.38) price objective on Leoni Ag and gave the stock a “buy” rating in a research note on Friday, July 28th. Four 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of €51.00 ($60.71).
Leoni Ag (ETR LEO) opened at 52.244 on Thursday. The company has a 50 day moving average price of €51.66 and a 200-day moving average price of €48.31. Leoni Ag has a 52-week low of €29.09 and a 52-week high of €56.04. The firm has a market cap of €1.71 billion and a price-to-earnings ratio of 25.812.
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About Leoni Ag
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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