ElringKlinger (ETR:ZIL2) received a €12.50 ($14.88) target price from Nord/LB in a research report issued to clients and investors on Friday. The firm currently has a “sell” rating on the stock. Nord/LB’s target price would suggest a potential downside of 8.96% from the company’s current price.
Several other brokerages have also recently weighed in on ZIL2. equinet set a €10.00 ($11.90) target price on ElringKlinger and gave the stock a “sell” rating in a report on Wednesday, March 28th. Warburg Research set a €16.50 ($19.64) price objective on ElringKlinger and gave the company a “neutral” rating in a report on Thursday, February 15th. Deutsche Bank set a €16.00 ($19.05) price objective on ElringKlinger and gave the company a “neutral” rating in a report on Thursday, March 1st. Kepler Capital Markets set a €18.00 ($21.43) price objective on ElringKlinger and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Commerzbank set a €12.00 ($14.29) price objective on ElringKlinger and gave the company a “sell” rating in a report on Tuesday, April 10th. Ten research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €14.04 ($16.71).
Shares of ElringKlinger stock opened at €13.73 ($16.35) on Friday. ElringKlinger has a 1-year low of €13.48 ($16.05) and a 1-year high of €20.48 ($24.38).
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells cylinder-head and specialty gaskets, lightweight components, and thermal and acoustic parts for engine, transmission, and exhaust tract applications.
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