Valeo (OTCMKTS:VLEEY) PT Lowered to €22.00

Valeo (OTCMKTS:VLEEYGet Rating) had its price objective decreased by JPMorgan Chase & Co. from €23.00 ($24.21) to €22.00 ($23.16) in a research note issued to investors on Monday, The Fly reports.

A number of other brokerages have also recently commented on VLEEY. The Goldman Sachs Group upgraded shares of Valeo from a neutral rating to a buy rating in a research note on Friday, January 21st. Exane BNP Paribas upgraded shares of Valeo from a neutral rating to an outperform rating and set a €20.00 ($21.05) price target for the company in a research note on Thursday, March 17th. Zacks Investment Research upgraded shares of Valeo from a sell rating to a hold rating in a research note on Tuesday, May 10th. Berenberg Bank cut their price target on shares of Valeo from €25.00 ($26.32) to €23.00 ($24.21) and set a buy rating for the company in a research note on Friday, April 29th. Finally, UBS Group cut their price target on shares of Valeo from €35.00 ($36.84) to €27.00 ($28.42) in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of $22.57.

Valeo stock traded up $0.16 during mid-day trading on Monday, reaching $9.31. The company’s stock had a trading volume of 36,600 shares, compared to its average volume of 94,611. Valeo has a 12 month low of $7.56 and a 12 month high of $17.53. The business’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $12.64. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.97.

About Valeo (Get Rating)

Valeo SE designs, produces, and sells components, systems, and services for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.

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