ElringKlinger (ETR:ZIL2) has been given a €12.50 ($15.43) price objective by equities research analysts at Nord/LB in a note issued to investors on Wednesday. The brokerage currently has a “sell” rating on the stock. Nord/LB’s price target would indicate a potential downside of 10.84% from the company’s current price.
Several other research analysts have also issued reports on ZIL2. Hauck & Aufhaeuser set a €25.00 ($30.86) target price on ElringKlinger and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Warburg Research set a €15.00 ($18.52) price target on ElringKlinger and gave the stock a “neutral” rating in a research note on Friday, December 22nd. DZ Bank restated a “neutral” rating on shares of ElringKlinger in a research note on Thursday, January 4th. JPMorgan Chase set a €13.10 ($16.17) price target on ElringKlinger and gave the stock a “sell” rating in a research note on Friday, January 5th. Finally, Commerzbank set a €16.00 ($19.75) price target on ElringKlinger and gave the stock a “neutral” rating in a research note on Friday, January 12th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. ElringKlinger currently has an average rating of “Hold” and an average price target of €14.81 ($18.28).
Shares of ZIL2 opened at €14.02 ($17.31) on Wednesday. ElringKlinger has a 1 year low of €13.48 ($16.64) and a 1 year high of €20.48 ($25.28).
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ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces, and markets cylinder-head, specialty gaskets, and lightweight plastic components and housing modules for the powertrain and vehicle body, as well as thermal and acoustic parts for engine, transmission, and exhaust tract applications.
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