JPMorgan Chase & Co. Reiterates “€15.00” Price Target for Leoni (LEO)

JPMorgan Chase & Co. Reiterates “€15.00” Price Target for Leoni (LEO)

JPMorgan Chase & Co. set a €15.00 ($17.44) target price on Leoni (ETR:LEO) in a research report report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Hauck & Aufhaeuser set a €10.00 ($11.63) target price on Leoni and gave the company a sell rating in a report on Monday. Oddo Bhf set a €15.00 ($17.44) price objective on Leoni and gave the company a sell rating in a report on Tuesday, April 16th. UBS Group set a €17.00 ($19.77) target price on Leoni and gave the stock a sell rating in a research report on Monday, April 15th. Deutsche Bank set a €15.00 ($17.44) target price on Leoni and gave the stock a neutral rating in a research report on Friday, April 12th. Finally, Kepler Capital Markets set a €17.00 ($19.77) target price on Leoni and gave the stock a sell rating in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of €21.54 ($25.04).

Shares of LEO stock traded down €0.52 ($0.60) during trading hours on Wednesday, reaching €14.70 ($17.09). The company’s stock had a trading volume of 650,586 shares, compared to its average volume of 187,504. The company has a market cap of $488.40 million and a PE ratio of 6.35. Leoni has a fifty-two week low of €16.93 ($19.69) and a fifty-two week high of €58.24 ($67.72). The company has a debt-to-equity ratio of 74.31, a quick ratio of 0.71 and a current ratio of 1.15.

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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