Shares of ElringKlinger AG (ETR:ZIL2) have been assigned a consensus rating of “Sell” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is €10.81 ($12.57).
ZIL2 has been the topic of a number of recent analyst reports. Oddo Bhf set a €9.00 ($10.47) target price on shares of ElringKlinger and gave the stock a “sell” rating in a research note on Friday, July 27th. DZ Bank restated a “neutral” rating on shares of ElringKlinger in a research note on Wednesday, October 10th. Deutsche Bank set a €11.00 ($12.79) target price on shares of ElringKlinger and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Nord/LB set a €9.50 ($11.05) target price on shares of ElringKlinger and gave the stock a “sell” rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group set a €8.00 ($9.30) target price on shares of ElringKlinger and gave the stock a “sell” rating in a research note on Wednesday, August 8th.
ETR ZIL2 traded up €0.14 ($0.16) on Monday, reaching €8.00 ($9.30). 181,823 shares of the stock were exchanged, compared to its average volume of 156,628. ElringKlinger has a one year low of €13.48 ($15.67) and a one year high of €20.48 ($23.81).
ElringKlinger Company Profile
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells cylinder-head and specialty gaskets, lightweight components, and thermal and acoustic parts for engine, transmission, and exhaust tract applications.
Further Reading: Earnings Per Share
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