Leoni Ag (LEO) Receives Average Recommendation of “Hold” from Brokerages
Leoni Ag (ETR:LEO) has received an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is €55.43 ($65.99).
A number of research analysts recently issued reports on the company. Warburg Research set a €65.00 ($77.38) price objective on Leoni and gave the company a “buy” rating in a research report on Monday, September 11th. Nord/LB set a €47.00 ($55.95) price objective on Leoni and gave the company a “sell” rating in a research report on Tuesday, October 24th. J P Morgan Chase & Co set a €50.00 ($59.52) price objective on Leoni and gave the company a “neutral” rating in a research report on Thursday, November 16th. Commerzbank set a €57.00 ($67.86) price objective on Leoni and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Finally, equinet set a €57.00 ($67.86) price objective on Leoni and gave the company a “neutral” rating in a research report on Monday, October 9th.
Leoni (LEO) opened at €60.90 ($72.50) on Friday. Leoni has a 12-month low of €30.09 ($35.82) and a 12-month high of €63.99 ($76.18).
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Leoni Company Profile
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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