ElringKlinger (ETR:ZIL2) has been given a €9.00 ($10.47) price objective by equities researchers at Oddo Bhf in a research note issued to investors on Friday, July 27th. The firm currently has a “sell” rating on the stock. Oddo Bhf’s price target would indicate a potential downside of 15.09% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the company. Hauck & Aufhaeuser set a €24.00 ($27.91) price objective on ElringKlinger and gave the company a “buy” rating in a report on Wednesday, June 6th. JPMorgan Chase & Co. set a €8.40 ($9.77) price objective on ElringKlinger and gave the company a “sell” rating in a report on Monday, June 25th. Nord/LB set a €12.50 ($14.53) price target on ElringKlinger and gave the company a “sell” rating in a report on Friday, May 18th. Commerzbank set a €12.00 ($13.95) price target on ElringKlinger and gave the company a “sell” rating in a report on Tuesday, April 10th. Finally, HSBC set a €10.00 ($11.63) price target on ElringKlinger and gave the company a “sell” rating in a report on Thursday, July 5th. Twelve investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Sell” and an average price target of €11.13 ($12.94).
ZIL2 traded down €0.29 ($0.34) during trading on Friday, reaching €10.60 ($12.33). 85,020 shares of the company’s stock were exchanged, compared to its average volume of 156,628. ElringKlinger has a fifty-two week low of €13.48 ($15.67) and a fifty-two week high of €20.48 ($23.81).
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.
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