A number of other brokerages have also recently weighed in on LEO. HSBC set a €65.00 ($75.58) price target on shares of Leoni and gave the company a buy rating in a research report on Tuesday, May 22nd. Berenberg Bank set a €75.00 ($87.21) target price on shares of Leoni and gave the stock a buy rating in a research report on Thursday, May 24th. Hauck & Aufhaeuser set a €74.00 ($86.05) target price on shares of Leoni and gave the stock a buy rating in a research report on Friday, June 22nd. Kepler Capital Markets set a €33.00 ($38.37) target price on shares of Leoni and gave the stock a sell rating in a research report on Monday, June 25th. Finally, Warburg Research set a €75.00 ($87.21) target price on shares of Leoni and gave the stock a buy rating in a research report on Thursday, July 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Leoni currently has a consensus rating of Hold and an average target price of €47.93 ($55.73).
LEO stock traded up €1.07 ($1.24) during midday trading on Tuesday, reaching €32.95 ($38.31). 216,169 shares of the company’s stock traded hands, compared to its average volume of 187,504. Leoni has a fifty-two week low of €39.21 ($45.59) and a fifty-two week 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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