ElringKlinger (ETR:ZIL2) Rating Kept

Independent Research GmbH currently has a EUR 26.00 target price on the 1.51 billion EUR market cap company or 7.71 % upside potential. In analysts report made public on Thursday morning, Elringklinger (ETR:ZIL2) stock had its Hold Rating maintained by equity research analysts at Independent Research GmbH.

ETR:ZIL2 is now trading -0.77% lower at EUR 23.90 as of 23:42 Frankfurt time. ElringKlinger’s stock is down -6.33% over the past 200 days. It has underperformed the S&P 500, which has dropped -1.12% over the same time period.

ETR:ZIL2 Price Chart & Trend

The stock price of ElringKlinger went down 6.33% over the last 200 days, and is in weak down trend. In the last 50 and 100 days, ElringKlinger is up 11.11% and up 16.13%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

ElringKlinger (ETR:ZIL2) Profile

ElringKlinger AG is a Germany-based automotive supplier. The Company’s business is structured into five segments: Original Equipment; Aftermarket; Engineered Plastics; Services, and Industrial Parks. 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.

ElringKlinger (ETR:ZIL2) traded down -0.77% on 31 March, hitting EUR 23.9. A total of 226,586 shares of the company’s stock traded hands. This is up from average of 182,298 shares. ElringKlinger has a 52 week low of EUR 16.56 and a 52 week high of EUR 29.34. The company has a market cap of 1.51 billion EUR and a P/E ratio of 16.54.

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The post Professional Analysts at Independent Research GmbH Didn’t Change their Hold rating for ElringKlinger (ETR:ZIL2). The Price Objective Given is EUR 26.00 appeared first on Octafinance.