Joh. Berenberg Gossler & Co. KG Raises Rating of ElringKlinger (ETR:ZIL2) To “Buy”. The Target PPS Given is EUR 28.00

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ElringKlinger (ETR:ZIL2) Stock Upgrade

Joh. Berenberg Gossler & Co. KG has just given ElringKlinger (ETR:ZIL2) shares an updated “Buy” rating in analysts note distributed to Clients on 2 December. The broker presently has a respectable EUR 28.00 price target on the stock. The target announced by Joh. Berenberg Gossler & Co. KG is 18.80% from ZIL2’s current share price.

From a total of 12 analysts covering ElringKlinger (ETR:ZIL2) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is €29 while the lowest target price is €15. The mean of all analyst targets is €22.64 with a -3.74% below today’s (€23.52) stock price. ElringKlinger was the topic of 27 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on November 26 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €23 target share price in a report from a November 11. DZ-Bank AG maintained ZIL2 stock in a recent report from November 13 with “Hold” rating. Bankhaus Lampe upgraded the rating on November 7. Bankhaus Lampe has a “Buy” rating and a €25 price target on shares. Finally, Oddo & Cie downgraded the stock to “Reduce” rating in a report issued on a November 11.

The stock decreased 1.22% or EUR 0.29 on December 1, striking EUR 23.52. Approximately 318,443 shares of stock traded hands or 38.52% up from the average. ElringKlinger AG (ETR:ZIL2) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

 Joh. Berenberg Gossler & Co. KG Raises Rating of ElringKlinger (ETR:ZIL2) To

ElringKlinger AG is a Germany-based automotive supplier. The company has a market cap of 1.46 billion EUR. The Company’s business is structured into five divisions: Original Equipment; Aftermarket; Engineered Plastics; Services, and Industrial Parks. It has 17.32 P/E ratio. The Original Equipment segment develops, produces and sells parts and assemblies for vehicle engines, transmission units and exhaust systems, as well as battery and fuel cell components.

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