Commerzbank set a €57.00 ($67.86) price objective on Leoni (ETR:LEO) in a research report sent to investors on Wednesday, November 15th. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts have also issued reports on LEO. J P Morgan Chase & Co set a €50.00 ($59.52) target price on Leoni and gave the company a neutral rating in a research report on Thursday, August 10th. Independent Research set a €55.00 ($65.48) target price on Leoni and gave the company a neutral rating in a research report on Thursday, August 10th. Kepler Capital Markets set a €27.00 ($32.14) target price on Leoni and gave the company a sell rating in a research report on Tuesday, September 19th. Warburg Research set a €65.00 ($77.38) price target on Leoni and gave the company a buy rating in a research note on Monday, October 16th. Finally, Oddo Bhf set a €68.00 ($80.95) price target on Leoni and gave the company a buy rating in a research note on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €55.43 ($65.99).
Shares of Leoni (LEO) traded up €0.39 ($0.46) during trading on Wednesday, reaching €62.10 ($73.93). The company had a trading volume of 118,431 shares, compared to its average volume of 196,498. Leoni has a 1-year low of €29.02 ($34.55) and a 1-year high of €63.88 ($76.05).
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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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