ElringKlinger AG (ZIL2) Given Average Recommendation of “Hold” by Analysts
ElringKlinger AG (ETR:ZIL2) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is €17.17 ($20.44).
ZIL2 has been the topic of several research analyst reports. Berenberg Bank set a €14.50 ($17.26) target price on shares of ElringKlinger AG and gave the stock a “neutral” rating in a research report on Monday, July 24th. DZ Bank AG reissued a “buy” rating on shares of ElringKlinger AG in a research report on Tuesday, August 8th. Deutsche Bank AG reissued a “neutral” rating on shares of ElringKlinger AG in a research report on Friday, September 15th. J P Morgan Chase & Co reissued a “sell” rating on shares of ElringKlinger AG in a research report on Wednesday, August 16th. Finally, Macquarie set a €19.00 ($22.62) target price on shares of ElringKlinger AG and gave the stock a “buy” rating in a research report on Tuesday, August 8th.
Shares of ElringKlinger AG (ZIL2) opened at 16.119 on Friday. The stock has a 50 day moving average of €15.32 and a 200-day moving average of €16.92. The stock has a market capitalization of €1.02 billion and a P/E ratio of 12.399. ElringKlinger AG has a 1-year low of €12.77 and a 1-year high of €20.34.
About ElringKlinger AG
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces, and markets cylinder-head, specialty gaskets, and lightweight plastic components and housing modules for the powertrain and vehicle body, as well as thermal and acoustic parts for engine, transmission, and exhaust tract applications.
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