LEONI (ETR:LEO) target price bumped up to 38EUR as announced today by Norddeutsche Landesbank

August 10, 2016

Finance News

Having a price of 34.43EUR, LEONI (ETR:LEO) traded 0.43% lower on the day. With the last stock close up 2.62% from the 200-day average, compared to the S&P 500 Index which has increased 0.00% over the same period. The company has been tracking to a 50-day average of 9.37EUR and 200-day moving average of 9.08EUR. 81,723 shares of LEO exchanged hands, down from an average volume of 131,330

Stating a possible upside of 0.10%, Norddeutsche Landesbank raised the estimated target of LEONI (ETR:LEO) to 38EUR

On 8/04/2016, Kepler Cheuvreux released a statement for LEONI(ETR:LEO) of “Reduce” with a target price of 21EUR. At the time, this indicated a possible downside of -0.35%.

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LEONI has a one-year low of 7.93EUR and a 52 week high of 9.63EUR and has a market cap of N/A EUR.

Brief Synopsis On LEONI (ETR:LEO)

Leoni AG is a Germany-based holding company that provides wires, optical fibers, cables and cable systems, and related services for application in the automotive sector and other industries. The Company operates through two divisions: Wire & Cable Solutions and Wiring Systems. 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. The Wiring Systems division focuses on the development, production and sale of complete wiring systems and ready-to-install cable harnesses for passenger cars and commercial vehicles. Additionally, it also manufactures pre-formed cable harnesses, and plastic molded components, and among others.

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