ElringKlinger (ETR:ZIL2) Rating Change

Bankhaus Lampe KG upgraded shares of Elringklinger (ETR:ZIL2) to Buy rating in a research note sent to investors and clients on Friday morning. The firm currently has a EUR 29.00 PT on the stock. Bankhaus Lampe KG’s PT gives a potential upside of 21.19 % from the stock’s last stock close.

Despite the stock rating upgrade ETR:ZIL2 is currently trading -0.77% lower at EUR 23.90 as of 00:47 Frankfurt time. ElringKlinger’s stock is down -6.33% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has declined -1.12% over the same time.

ETR:ZIL2 Price Chart & Trend

The stock price of ElringKlinger has dropped 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 1 April, 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.

Get the latest ElringKlinger (ETR:ZIL2) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post ElringKlinger (ETR:ZIL2) Rating Outlook Improved to Buy at Bankhaus Lampe KG with EUR 29.00 Target Price appeared first on Octafinance.