Leoni (ETR:LEO) received a €57.00 ($67.86) price objective from equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, January 5th. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 12.33% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Warburg Research set a €65.00 ($77.38) target price on Leoni and gave the company a “buy” rating in a report on Monday, September 11th. Berenberg Bank set a €70.00 ($83.33) target price on Leoni and gave the company a “buy” rating in a report on Wednesday, September 20th. Oddo Bhf set a €68.00 ($80.95) target price on Leoni and gave the company a “buy” rating in a report on Tuesday, November 7th. equinet set a €57.00 ($67.86) target price on Leoni and gave the company a “neutral” rating in a report on Monday, October 9th. Finally, Commerzbank set a €56.00 ($66.67) target price on Leoni and gave the company a “neutral” rating in a report on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €56.29 ($67.01).
Leoni (LEO) opened at €65.02 ($77.40) on Friday. The firm has a market cap of $2,120.00 and a price-to-earnings ratio of 17.77. Leoni has a 12-month low of €35.02 ($41.69) and a 12-month high of €65.40 ($77.86).
Leoni Company Profile
LEONI AG, together with its subsidiaries, provides wires, optical fibers, cables, and cable systems; and related services for applications in the automotive and other industries worldwide. It operates in two segments, Wire & Cable Solutions, and Wiring Systems. The Wire & Cable Solutions segment develops, produces, and assembles wires and stands, optical fibers, standard and special cables, hybrid and optical cables, and various cable systems.
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