Several other analysts have also recently weighed in on the company. Hauck & Aufhaeuser set a €64.00 ($75.29) price target on Leoni Ag and gave the stock a buy rating in a report on Thursday, July 6th. Nord/LB set a €44.00 ($51.76) price target on Leoni Ag and gave the stock a sell rating in a report on Friday, May 26th. Berenberg Bank set a €65.00 ($76.47) price target on Leoni Ag and gave the stock a buy rating in a report on Tuesday, June 13th. Independent Research GmbH set a €56.00 ($65.88) price objective on Leoni Ag and gave the stock a neutral rating in a research note on Monday, May 29th. Finally, Warburg Research set a €65.00 ($76.47) price objective on Leoni Ag and gave the stock a buy rating in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of €51.64 ($60.75).
Shares of Leoni Ag (ETR LEO) traded down 0.68% during midday trading on Friday, reaching €52.81. The company’s stock had a trading volume of 3,122 shares. The stock has a 50-day moving average of €49.03 and a 200 day moving average of €46.30. Leoni Ag has a 12 month low of €29.09 and a 12 month high of €55.85. The company has a market cap of €1.73 billion and a price-to-earnings ratio of 54.28.
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About Leoni Ag
Leoni AG is a Germany-based company that provides wires, optical fibers, cables, cable systems, and related services. The Company’s main target market is the automotive and commercial vehicles industry, but it also supplies its products to the healthcare, communication and infrastructure, electrical appliances, as well as conductors and copper solutions industries.
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