A Lower Rating Has Been Given to EON (ETR:LEO) By a HSBC. EUR 8.00 is The Targeted Price

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EON (ETR:LEO) Receives a Downgrade

Frankfurt-listed EON (ETR:LEO), was downgraded by stock research analysts at HSBC who downgraded their rating on the 1.21B EUR market cap firm to a “Reduce”, but decided to stick with their target price per share of EUR 8.00 on LEO shares.

From a total of 21 analysts covering LEONI (ETR:LEO) stock, 8 rate it a ”Buy”, 5 a “Sell”, and 8 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is €76 while the lowest target price is €7. The mean of all analyst targets is €25.19 with a -31.81% below today’s (€36.94) stock price. LEONI was the topic of 69 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux downgraded shares on November 28 to “Reduce” rating. Credit Suisse maintained shares with “Neutral” rating and €9.60 target share price in a report from a November 13. Warburg Research maintained LEO stock in a recent report from November 27 with “Hold” rating. Hauck & Aufhäuser Privatbankiers KGaA maintained the rating on November 13. Hauck & Aufhäuser Privatbankiers KGaA has a “Hold” rating and a €35 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 14.

The stock decreased 1.03% or EUR 0.39 on November 27, striking EUR 36.94. Approximately 203,573 shares of stock traded hands. LEONI AG (ETR:LEO) has risen 1.45% since April 27, 2015 and is uptrending. It has outperformed by 2.34% the S&P500.

 A Lower Rating Has Been Given to EON (ETR:LEO) By a HSBC. EUR 8.00 is The Targeted Price

Analysts await Dreyfus Strategic Muni. (NYSE:LEO) to reports earnings on December, 4.

Leoni AG is a Germany-based holding firm that provides wires, optical fibers, cables and cable systems, and related services for application in the automotive sector and other industries. The company has a market cap of 1.21 billion EUR. The Firm operates through two divisions: Wire & Cable Solutions and Wiring Systems. It has 11.54 P/E ratio. The Wire & Cable Solutions division develops, produces and sells wires, strands and tapes for cable production and electrical, as well as electromechanical components, of Lyonese wares for textiles, as well as cables, conductors and cable systems for the automotive and electrical appliance industries, data and communications technology, multimedia segment, healthcare sector, automation and process technology, among others.

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