Veoneer (VNE) was Downgraded to a Sell Rating at Kepler Capital
Kepler Capital analyst Thomas Besson downgraded Veoneer (VNE) to Sell on December 7 and set a price target of $14.00. The company’s shares closed last Tuesday at $22.53.
According to TipRanks.com, Besson is a 1-star analyst with an average return of -2.8% and a 47.7% 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 $16.38 average price target.
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Veoneer’s market cap is currently $2.5B and has a P/E ratio of -4.30. The company has a Price to Book ratio of 2.45.
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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.