Leoni (ETR:LEO) PT Set at €8.00 by Independent Research

Independent Research set a €8.00 ($9.30) price objective on Leoni (ETR:LEO) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other analysts have also commented on LEO. Kepler Capital Markets set a €12.00 ($13.95) price objective on shares of Leoni and gave the stock a sell rating in a research report on Friday, June 28th. Hauck & Aufhaeuser set a €4.00 ($4.65) price objective on shares of Leoni and gave the stock a sell rating in a research report on Thursday, August 15th. Oddo Bhf set a €9.00 ($10.47) price objective on shares of Leoni and gave the stock a sell rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. set a €12.00 ($13.95) price objective on shares of Leoni and gave the stock a sell rating in a research report on Wednesday, August 14th. Finally, Deutsche Bank set a €10.00 ($11.63) price objective on shares of Leoni and gave the stock a neutral rating in a research report on Thursday, August 15th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of €15.98 ($18.58).

Shares of LEO stock opened at €9.72 ($11.30) on Monday. The company’s fifty day simple moving average is €11.83 and its 200-day simple moving average is €17.02. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 148.10. The firm has a market cap of $317.54 million and a PE ratio of -1.71. Leoni has a 12 month low of €8.08 ($9.39) and a 12 month high of €38.55 ($44.83).

About Leoni

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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Analyst Recommendations for Leoni (ETR:LEO)

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