ElringKlinger (ZIL2) Given a €14.50 Price Target at Berenberg Bank
ElringKlinger (ETR:ZIL2) received a €14.50 ($17.26) price objective from analysts at Berenberg Bank in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 6.90% from the company’s current price.
A number of other brokerages have also recently commented on ZIL2. Metzler set a €14.50 ($17.26) target price on ElringKlinger and gave the stock a “neutral” rating in a report on Tuesday, November 28th. Independent Research set a €16.40 ($19.52) target price on ElringKlinger and gave the stock a “neutral” rating in a report on Wednesday, November 29th. DZ Bank reiterated a “neutral” rating on shares of ElringKlinger in a report on Wednesday, November 29th. equinet set a €14.00 ($16.67) target price on ElringKlinger and gave the stock a “sell” rating in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co set a €13.00 ($15.48) target price on ElringKlinger and gave the stock a “sell” rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. ElringKlinger has an average rating of “Hold” and an average price target of €15.38 ($18.31).
ElringKlinger (ZIL2) opened at €15.58 ($18.54) on Tuesday. ElringKlinger has a 1-year low of €12.95 ($15.42) and a 1-year high of €20.48 ($24.38).
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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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