JPMorgan Chase & Co. Reiterates “€7.60” Price Target for Leoni (ETR:LEO)

JPMorgan Chase & Co. set a €7.60 ($8.84) price objective on Leoni (ETR:LEO) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other research analysts have also issued reports on the company. Deutsche Bank set a €9.00 ($10.47) price target on Leoni and gave the stock a neutral rating in a research report on Monday, January 20th. Kepler Capital Markets set a €7.80 ($9.07) price target on Leoni and gave the stock a sell rating in a research note on Wednesday, November 13th. Hauck & Aufhaeuser set a €4.00 ($4.65) price target on Leoni and gave the company a sell rating in a report on Wednesday, December 11th. Warburg Research set a €10.00 ($11.63) price objective on shares of Leoni and gave the company a neutral rating in a research note on Wednesday, November 13th. Finally, Independent Research set a €10.40 ($12.09) price objective on shares of Leoni and gave the stock a sell rating in a report on Tuesday, November 19th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of €11.80 ($13.73).

LEO opened at €9.00 ($10.47) on Tuesday. Leoni has a 12 month low of €8.08 ($9.39) and a 12 month high of €24.99 ($29.06). The company has a debt-to-equity ratio of 173.03, a current ratio of 0.85 and a quick ratio of 0.45. The stock has a market cap of $294.02 million and a P/E ratio of -0.99. The stock’s 50 day moving average price is €10.54 and its 200 day moving average price is €11.06.

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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