EON (ETR:LEO) Rating Increased
EON (ETR:LEO)’s rating was raised by research professionals at Oddo Seydler Bank AG to “Buy”. They have a target price per share of EUR 8.00 on LEO. Oddo Seydler Bank AG’s target price per share would suggest a potential upside of 11.89 % from the stock’s current price.
The stock upgrade is well-received by stock traders, as ETR:LEO is now trading 0.89% higher at EUR 37.96 as of 6:07 PM Frankfurt time. EON shares have [From2] 0% over the past 200 days, while the S&P500 Index has risen 10.43% during the same time.
Out of 20 brokers covering EON, 5 rate it a Buy, 13 indicate a Hold while 4 suggest a Sell. The highest target is EUR 44.2 and the lowest is EUR 23.2 according to Thomson/First Call. The 12-month mean target is EUR 32.62, which means downside potential of 14.07% over the current price.
EON (ETR:LEO) Profile
Leoni AG is a Germany-based company that provides wires, optical fibers, cables, cable systems, and related services. The Company’s main target market is the automotive and commercial vehicles industry, but it also supplies its products to the healthcare, communication and infrastructure, electrical appliances, as well as conductors and copper solutions industries. The Company operates through two segments.
EON (ETR:LEO) traded up 0.89% on 13 January, hitting EUR 37.96. A total of 276,404 shares of the company’s stock traded hands. This is up from average of 192,419 shares. EON has a 52 week low of EUR 23.00 and a 52 week high of EUR 38.73. The company has a market cap of 1.24B EUR and a P/E ratio of 57.82.
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