Deutsche Bank Reiterates “€5.50” Price Target for ElringKlinger (ETR:ZIL2)
Deutsche Bank set a €5.50 ($6.40) price objective on ElringKlinger (ETR:ZIL2) in a report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other research analysts also recently issued reports about the stock. Independent Research set a €5.60 ($6.51) price objective on shares of ElringKlinger and gave the company a sell rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. set a $60.00 target price on shares of Bayerische Motoren Werke and gave the stock a sell rating in a research report on Monday, April 8th. Kepler Capital Markets reaffirmed a hold rating on shares of Continental in a research report on Friday, June 28th. Warburg Research set a €60.00 ($69.77) target price on shares of Compugroup Medical and gave the stock a neutral rating in a research report on Tuesday, May 7th. Finally, DZ Bank reaffirmed a sell rating on shares of ElringKlinger in a research report on Wednesday, May 8th. Ten equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. ElringKlinger presently has an average rating of Sell and an average price target of €6.12 ($7.11).
Shares of ElringKlinger stock opened at €5.25 ($6.10) on Wednesday. The company has a current ratio of 1.85, a quick ratio of 0.86 and a debt-to-equity ratio of 95.20. The firm’s fifty day moving average is €5.35. The stock has a market cap of $332.64 million and a P/E ratio of 20.04. ElringKlinger has a 12-month low of €5.03 ($5.85) and a 12-month high of €11.81 ($13.73).
ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells lightweight components, thermal and acoustic shielding systems, cylinder-head and specialty gaskets, battery and fuel cell systems, and electric drive units.
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