UBS Group Reiterates “€17.00” Price Target for Leoni (LEO)

UBS Group Reiterates “€17.00” Price Target for Leoni (LEO)

UBS Group set a €17.00 ($19.77) price target on Leoni (ETR:LEO) in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

LEO has been the topic of a number of other research reports. Hauck & Aufhaeuser set a €10.00 ($11.63) price target on shares of Leoni and gave the stock a sell rating in a report on Monday. Credit Suisse Group set a €30.00 ($34.88) price objective on shares of Leoni and gave the company a neutral rating in a research note on Monday, March 18th. Warburg Research set a €36.00 ($41.86) price objective on shares of Leoni and gave the company a neutral rating in a research note on Friday, February 8th. Nord/LB set a €18.00 ($20.93) price objective on shares of Leoni and gave the company a neutral rating in a research note on Monday, March 18th. Finally, Oddo Bhf set a €15.00 ($17.44) price objective on shares of Leoni and gave the company a sell rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Leoni currently has a consensus rating of Hold and a consensus price target of €21.54 ($25.04).

Shares of ETR:LEO traded down €0.56 ($0.65) during mid-day trading on Wednesday, reaching €14.66 ($17.05). The company had a trading volume of 656,471 shares, compared to its average volume of 187,504. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 74.31. The stock has a market capitalization of $488.40 million and a PE ratio of 6.33. Leoni has a one year low of €16.93 ($19.69) and a one year high of €58.24 ($67.72).

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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