Valeo SE (OTCMKTS:VLEEY – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.63 and traded as low as $9.05. Valeo shares last traded at $9.20, with a volume of 57,644 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on VLEEY. Berenberg Bank boosted their price objective on shares of Valeo from €23.00 ($23.47) to €24.00 ($24.49) in a research note on Monday, August 1st. Barclays lowered shares of Valeo from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 6th. Cheuvreux lowered shares of Valeo from a "hold" rating to a "reduce" rating in a report on Tuesday, June 14th. Finally, Societe Generale lifted their target price on shares of Valeo from €19.00 ($19.39) to €21.00 ($21.43) in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Valeo presently has an average rating of "Moderate Buy" and a consensus price target of $23.00.
Get Valeo alerts:Valeo Stock Up 0.7 %
The company's 50-day moving average price is $9.84 and its two-hundred day moving average price is $9.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.89 and a quick ratio of 0.65.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Valeo (VLEEY)
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