November 23, 2016 - By Michael Collier
Frankfurt-listed ElringKlinger (ETR:ZIL2), was boosted by stock research analysts at Hauck & Aufhäuser Privatbankiers KGaA. Hauck & Aufhäuser Privatbankiers KGaA boosted its rating on the 838.89 million EUR market cap company to a Buy, but maintained its target of EUR 20.00 on ZIL2 shares.
Out of 17 analysts covering ElringKlinger (ETR:ZIL2), 6 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 35% are positive. €29 is the highest target while €14 is the lowest. The €19.73 average target is 49.02% above today’s (€13.24) stock price. ElringKlinger has been the topic of 87 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The rating was upgraded by Berenberg on Saturday, February 27 to “Buy”. The stock of ElringKlinger AG (ETR:ZIL2) has “Reduce” rating given on Wednesday, November 11 by Oddo & Cie. Oddo & Cie downgraded the stock to “Reduce” rating in Tuesday, March 1 report. The rating was upgraded by DZ-Bank AG on Thursday, May 5 to “Buy”. The rating was upgraded by Berenberg to “Buy” on Wednesday, December 2. On Thursday, November 10 the stock rating was maintained by Commerzbank with “Hold”. The rating was maintained by Equinet on Thursday, November 5 with “Neutral”. Independent Research downgraded the shares of ZIL2 in a report on Saturday, July 23 to “Sell” rating. As per Saturday, April 2, the company rating was maintained by Landesbank. The rating was maintained by Deutsche Bank on Saturday, October 17 with “Hold”.
About 72,447 shares traded hands. ElringKlinger AG (ETR:ZIL2) has declined 43.96% since April 15, 2016 and is downtrending. It has underperformed by 49.29% the S&P500.
ElringKlinger AG is a Germany-based automotive supplier. The company has a market cap of 838.89 million EUR. The Company’s business is structured into five divisions: Original Equipment; Aftermarket; Engineered Plastics; Services, and Industrial Parks. It has a 10.33 P/E ratio. 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.
More recent ElringKlinger AG (ETR:ZIL2) news were published by: Seekingalpha.com which released: “ElringKlinger: A Short-Term Problem Is Generating Huge Opportunities” on June 03, 2016. Also Plasticsnews.com published the news titled: “ElringKlinger adds space in Germany” on November 17, 2016. Plasticsnews.com‘s news article titled: “ElringKlinger buys tool and die specialist Maier Formenbau” with publication date: June 17, 2016 was also an interesting one.
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