Leoni (ETR:LEO) has been given a €41.00 ($47.67) price target by analysts at JPMorgan Chase & Co. in a report released on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 36.80% from the stock’s current price.
A number of other research analysts have also commented on LEO. Kepler Capital Markets set a €33.00 ($38.37) target price on Leoni and gave the company a “sell” rating in a research note on Monday, June 25th. UBS Group set a €54.00 ($62.79) target price on Leoni and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Berenberg Bank set a €50.00 ($58.14) target price on Leoni and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Warburg Research set a €75.00 ($87.21) target price on Leoni and gave the company a “buy” rating in a research note on Thursday, July 5th. Finally, Credit Suisse Group set a €43.00 ($50.00) target price on Leoni and gave the company a “neutral” rating in a research note on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €46.00 ($53.49).
Shares of ETR LEO opened at €29.97 ($34.85) on Monday. Leoni has a one year low of €39.21 ($45.59) and a one year high of €66.20 ($76.98).
LEONI AG, together with its subsidiaries, provides products, solutions, and services for energy and data management in the automotive sector and other industries worldwide. It operates in two divisions, Wiring Systems, and Wire & Cable Solutions. The Wiring Systems division provides complete wiring systems and customized cable harnesses for the motor vehicle industry.
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