Leoni (ETR:LEO) has been assigned a €57.00 ($67.86) price target by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday, January 5th. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 11.66% from the company’s current price.
Other analysts have also issued research reports about the stock. Berenberg Bank set a €75.00 ($89.29) price objective on shares of Leoni and gave the stock a “buy” rating in a research report on Wednesday, December 13th. HSBC set a €60.00 ($71.43) price target on shares of Leoni and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. UBS Group set a €47.00 ($55.95) price target on shares of Leoni and gave the stock a “sell” rating in a research report on Friday, November 24th. Independent Research set a €59.00 ($70.24) price target on shares of Leoni and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Finally, Warburg Research set a €68.00 ($80.95) price objective on shares of Leoni and gave the company a “buy” rating in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of €56.29 ($67.01).
Leoni (LEO) opened at €64.52 ($76.81) on Friday. The stock has a market cap of $2,110.00 and a P/E ratio of 17.63. Leoni has a 1-year low of €35.74 ($42.55) and a 1-year high of €65.34 ($77.79).
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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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