Is ElringKlinger (ETR:ZIL2) a Stock One Should Buy Following Today’s Hauck & Aufhäuser Privatbankiers KGaA Upgrade?

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ElringKlinger (ETR:ZIL2) Stock Upgrade

ElringKlinger (ETR:ZIL2) was just upgraded by Hauck & Aufhäuser Privatbankiers KGaA to a respectable Buy rating in analysts note sent to investors on Friday, 4 December. The firm after the upgrade has a EUR 29.00 target PPS on the shares. This target is 28.77% from ZIL2’s current share price.

From a total of 13 analysts covering ElringKlinger (ETR:ZIL2) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 38% 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 €23.08 with a 2.58% above today’s (€22.5) stock price. ElringKlinger was the topic of 28 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 2 to “Buy” rating. Oddo & Cie downgraded shares to “Reduce” rating and €15 target share price in a report from a November 11. Landesbank maintained ZIL2 stock in a recent report from November 19 with “Hold” rating. Kepler Cheuvreux maintained the rating on November 11. Kepler Cheuvreux has a “Hold” rating and a €23 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 12.

The stock decreased 3.91% or EUR 0.92 on December 3, striking EUR 22.5. Approximately 219,774 shares of stock traded hands. ElringKlinger AG (ETR:ZIL2) has declined 14.84% since May 7, 2015 and is downtrending. It has underperformed by 14.55% the S&P500.

 Is ElringKlinger (ETR:ZIL2) a Stock One Should Buy Following Today’s Hauck & Aufhäuser Privatbankiers KGaA Upgrade?

ElringKlinger AG is a Germany-based automotive supplier. The company has a market cap of 1.43 billion EUR. The Company’s business is structured into five divisions: Original Equipment; Aftermarket; Engineered Plastics; Services, and Industrial Parks. It has 16.57 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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