Leoni Ag (ETR:LEO) has been assigned a €59.00 ($68.60) price objective by stock analysts at Independent Research GmbH in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Independent Research GmbH’s price objective would indicate a potential upside of 2.09% from the company’s current price.
Other equities analysts have also issued reports about the company. Berenberg Bank set a €70.00 ($81.40) target price on Leoni Ag and gave the company a “buy” rating in a research note on Friday, August 25th. Warburg Research set a €65.00 ($75.58) price target on Leoni Ag and gave the stock a “buy” rating in a research note on Monday, September 11th. Hauck & Aufhaeuser set a €67.00 ($77.91) price target on Leoni Ag and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Oddo Bhf set a €68.00 ($79.07) price target on Leoni Ag and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Commerzbank Ag set a €56.00 ($65.12) price target on Leoni Ag and gave the stock a “neutral” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Leoni Ag currently has a consensus rating of “Hold” and a consensus price target of €54.46 ($63.33).
Leoni Ag (LEO) opened at €57.79 ($67.20) on Thursday. Leoni Ag has a 12 month low of €29.02 ($33.74) and a 12 month high of €59.96 ($69.72).
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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