ElringKlinger AG (ETR:ZIL2) received a €14.30 ($16.63) price objective from stock analysts at Independent Research GmbH in a note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. Independent Research GmbH’s price target points to a potential upside of 2.14% from the company’s current price.
A number of other research firms also recently commented on ZIL2. Berenberg Bank set a €14.50 ($16.86) price objective on ElringKlinger AG and gave the company a “neutral” rating in a report on Monday, July 24th. DZ Bank AG reiterated a “buy” rating on shares of ElringKlinger AG in a report on Tuesday, August 8th. set a €15.00 ($17.44) price objective on ElringKlinger AG and gave the company a “neutral” rating in a report on Thursday, November 9th. Deutsche Bank AG reiterated a “neutral” rating on shares of ElringKlinger AG in a report on Friday, September 15th. Finally, J P Morgan Chase & Co restated a “sell” rating on shares of ElringKlinger AG in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of €15.29 ($17.78).
Shares of ElringKlinger AG (ETR:ZIL2) opened at €14.00 ($16.28) on Monday. ElringKlinger AG has a fifty-two week low of €12.77 ($14.85) and a fifty-two week high of €20.48 ($23.81).
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ElringKlinger AG Company Profile
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces, and markets cylinder-head, specialty gaskets, and lightweight plastic components and housing modules for the powertrain and vehicle body, as well as thermal and acoustic parts for engine, transmission, and exhaust tract applications.
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