Volkswagen AG (ETR:VOW3) has been assigned a €105.00 ($122.09) price objective by Berenberg Bank in a note issued to investors on Monday. The brokerage currently has a “sell” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 32.39% from the company’s current price.
Several other research firms also recently commented on VOW3. Barclays PLC set a €195.00 ($226.74) price target on shares of Volkswagen AG and gave the company a “buy” rating in a research report on Wednesday, November 8th. DZ Bank AG reiterated a “sell” rating on shares of Volkswagen AG in a research report on Thursday, November 9th. Sanford C. Bernstein set a €180.00 ($209.30) price target on shares of Volkswagen AG and gave the company a “buy” rating in a research report on Thursday, November 9th. Independent Research GmbH set a €141.00 ($163.95) price target on shares of Volkswagen AG and gave the company a “neutral” rating in a research report on Friday, July 28th. Finally, Macquarie set a €150.00 ($174.42) price target on shares of Volkswagen AG and gave the company a “neutral” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of €173.70 ($201.97).
Volkswagen AG (VOW3) opened at €154.15 ($179.24) on Monday. Volkswagen AG has a 52-week low of €115.30 ($134.07) and a 52-week high of €165.45 ($192.38).
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About Volkswagen AG
Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and genuine parts.
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