EON (ETR:LEO) Stock Upgrade
The stock rating of EON (ETR:LEO) shares was hiked by research professionals at Jefferies & Company Inc. to a respectable “Buy”. They currently have a target price of EUR 10.50 on LEO. Jefferies & Company Inc.’s target price indicates a possible upside of 17.19% from the close price of the company.
From a total of 21 analysts covering LEONI (ETR:LEO) stock, 8 rate it a ”Buy”, 6 a “Sell”, and 7 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 €25.09 with a -29.10% below today’s (€35.39) stock price. LEONI was the topic of 70 analyst reports since July 16, 2015 according to the firm StockzIntelligence Inc. Baader Wertpapierhandelsbank downgraded shares on December 1 to “Sell” rating. Landesbank upgraded shares to “Buy” rating and €37 target share price in a report from a November 14. HSBC downgraded LEO stock in a recent report from November 28 to “Reduce” rating. Credit Suisse maintained the rating on November 13. Credit Suisse has a “Neutral” rating and a €9.60 price target on shares. Finally, Macquarie Research upgraded the stock to “Outperform” rating in a report issued on a November 25.
The stock decreased 2.09% or EUR 0.76 on December 3, striking EUR 35.39. Approximately 368,968 shares of stock traded hands. LEONI AG (ETR:LEO) has risen 0.48% since May 1, 2015 and is uptrending. It has outperformed by 0.77% the S&P500.
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 1.16 billion EUR. The Firm operates through two divisions: Wire & Cable Solutions and Wiring Systems. It has 11.05 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.