Independent Research Reiterates “€59.00” Price Target for Leoni (LEO)

Leoni (ETR:LEO) has been given a €59.00 ($72.84) target price by Independent Research in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Independent Research’s price target points to a potential upside of 7.12% from the stock’s previous close.

Several other equities research analysts have also recently commented on LEO. JPMorgan Chase & Co. set a €57.00 ($70.37) price objective on Leoni and gave the company a “neutral” rating in a research report on Thursday, February 8th. Warburg Research set a €65.00 ($80.25) price objective on Leoni and gave the company a “buy” rating in a research report on Monday, October 16th. Nord/LB set a €47.00 ($58.02) price objective on Leoni and gave the company a “sell” rating in a research report on Friday. Kepler Capital Markets set a €30.00 ($37.04) price objective on Leoni and gave the company a “sell” rating in a research report on Thursday, February 8th. Finally, Oddo Bhf set a €68.00 ($83.95) price objective on Leoni and gave the company a “buy” rating in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Leoni presently has a consensus rating of “Hold” and an average target price of €57.36 ($70.81).

Shares of Leoni (ETR LEO) opened at €55.08 ($68.00) on Tuesday. Leoni has a 12-month low of €36.26 ($44.77) and a 12-month high of €66.20 ($81.73). The company has a market capitalization of $1,800.00 and a price-to-earnings ratio of 15.05.

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About Leoni

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.

Analyst Recommendations for Leoni (ETR:LEO)

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