Rating Change: Citigroup Corp. Says Its Time To Downgrade Hella (ETR:HLE)

November 30, 2016 - By olga

Rating Change:  Citigroup Corp. Says Its Time To Downgrade Hella (ETR:HLE)

Hella (ETR:HLE) Downgrade

Citigroup Corp. cut the shares of Hella (ETR:HLE) to “Sell” rating in a a research report shared with investors and clients on 30 November. The company from today has a EUR 27.50 price target on Hella (ETR:HLE).

Hella Kgaa Hueck & Co (ETR:HLE) Ratings Coverage

Out of 10 analysts covering Hella (ETR:HLE), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. €46 is the highest target while €27.50 is the lowest. The €38.17 average target is 17.66% above today’s (€32.44) stock price. Hella has been the topic of 12 analyst reports since September 10, 2016 according to StockzIntelligence Inc. On Wednesday, September 28 the stock rating was upgraded by Bankhaus Lampe to “Buy”. Warburg Research upgraded Hella Kgaa Hueck & Co (ETR:HLE) rating on Thursday, September 29. Warburg Research has “Buy” rating and €46 price target. The rating was upgraded by UBS to “Buy” on Saturday, September 10. The stock of Hella Kgaa Hueck & Co (ETR:HLE) has “Sell” rating given on Wednesday, November 30 by Citigroup. As per Wednesday, September 28, the company rating was upgraded by Kepler Cheuvreux. The rating was upgraded by UBS on Thursday, September 22 to “Buy”. The firm has “Buy” rating given on Wednesday, September 21 by Deutsche Bank. UBS upgraded Hella Kgaa Hueck & Co (ETR:HLE) on Thursday, November 10 to “Buy” rating. Jefferies maintained Hella Kgaa Hueck & Co (ETR:HLE) rating on Wednesday, November 30. Jefferies has “Hold” rating and €37 price target. The rating was maintained by Landesbank on Saturday, October 8 with “Hold”.

About 168,162 shares traded hands or 64.30% up from the average. Hella Kgaa Hueck & Co (ETR:HLE) has risen 79.64% since April 29, 2016 and is uptrending. It has outperformed by 74.41% the S&P500.

Hella KGaA Hueck & Co is a Germany-based maker of lightening technology and electronic components and systems for the automotive industry. The company has a market cap of 3.60 billion EUR. The Firm operates through three divisions: Automotive, Aftermarket and Special Applications. It has a 11.6 P/E ratio. The Automotive divisions comprises the lighting and electronics business and provides headlamps, signal lamps, interior lamps and lighting electronics, as well as body electronics, energy management and driver assistance systems and components.

More notable recent Hella Kgaa Hueck & Co (ETR:HLE) news were published by: Businesswire.com which released: “Research and Markets: Hella KGaA Hueck & Co. – SWOT Analysis” on February 19, 2010, also Wsj.com with their article: “Hella Plans $5 Billion Frankfurt IPO” published on October 24, 2014, Wsj.com published: “Hella Raises $350 Million Ahead of IPO” on October 31, 2014. More interesting news about Hella Kgaa Hueck & Co (ETR:HLE) were released by: Prnewswire.com and their article: “HELLA’s LED Matrix Lighting Wins Automotive News PACE Award” published on April 08, 2014 as well as Prnewswire.com‘s news article titled: “HELLA Takes Leadership Role In Popular Driver-Assistance Systems” with publication date: June 24, 2015.

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