equinet AG Reiterates €57.00 Price Target for Leoni Ag (LEO)

Leoni Ag (ETR:LEO) has been given a €57.00 ($66.28) price objective by equities research analysts at equinet AG in a report released on Wednesday. The firm currently has a “neutral” rating on the stock. equinet AG’s price objective suggests a potential upside of 3.04% from the company’s previous close.

LEO has been the topic of a number of other reports. Warburg Research set a €65.00 ($75.58) price objective on Leoni Ag and gave the company a “buy” rating in a report on Monday, September 11th. Nord/LB set a €47.00 ($54.65) price objective on Leoni Ag and gave the company a “sell” rating in a report on Tuesday, October 24th. UBS AG set a €39.00 ($45.35) price objective on Leoni Ag and gave the company a “sell” rating in a report on Friday, September 8th. Commerzbank Ag set a €56.00 ($65.12) price objective on Leoni Ag and gave the company a “neutral” rating in a report on Tuesday, October 24th. Finally, Berenberg Bank set a €70.00 ($81.40) price objective on Leoni Ag and gave the company a “buy” rating in a report on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €53.62 ($62.34).

Leoni Ag (ETR LEO) traded down €2.95 ($3.43) during midday trading on Wednesday, reaching €55.32 ($64.33). The company’s stock had a trading volume of 514,703 shares, compared to its average volume of 146,295. Leoni Ag has a 12 month low of €29.02 ($33.74) and a 12 month high of €59.96 ($69.72).

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Leoni Ag 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.

Analyst Recommendations for Leoni Ag (ETR:LEO)

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