Kepler Capital Downgrades Veoneer (VNE) to Sell

Veoneer (VNE) received a Sell rating and a $14.00 price target from Kepler Capital analyst Thomas Besson on November 25. The company’s shares closed last Wednesday at $20.44, close to its 52-week low of $5.25.

According to, Besson is a 1-star analyst with an average return of -2.6% and a 46.2% success rate. Besson covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Ferrari.

The word on The Street in general, suggests a Hold analyst consensus rating for Veoneer with a $15.22 average price target.

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Veoneer’s market cap is currently $2.02B and has a P/E ratio of -4.00. The company has a Price to Book ratio of 2.28.

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Veoneer, Inc. engages in the design, development, sale, and manufacture of automotive safety electronics. It operates through the Electronics and Brake Systems segments. The Electronics segment consists of safety and restraint control systems product areas. The Brake Systems segment comprises of brake systems product area. Its products include advanced driver assistance systems and highly automated driving solutions with focus on autonomous driving. The company was founded on April 1, 2018 and is headquartered in Stockholm, Sweden.

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