Volkswagen (ETR:VOW3) received a €135.00 ($160.71) price objective from equities research analysts at Morgan Stanley in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s price target points to a potential downside of 24.92% from the stock’s previous close.
Other analysts have also issued reports about the company. Nord/LB set a €155.00 ($184.52) price objective on Volkswagen and gave the stock a “buy” rating in a research report on Friday, September 15th. UBS Group reiterated a “buy” rating on shares of Volkswagen in a research report on Thursday, September 14th. JPMorgan Chase & Co. set a €213.00 ($253.57) price objective on Volkswagen and gave the stock a “buy” rating in a research report on Monday, September 18th. Kepler Capital Markets set a €175.00 ($208.33) price objective on Volkswagen and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, BNP Paribas set a €170.00 ($202.38) price objective on Volkswagen and gave the stock a “buy” rating in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €186.87 ($222.46).
Shares of Volkswagen (VOW3) traded up €2.02 ($2.40) during mid-day trading on Thursday, reaching €179.82 ($214.07). The company had a trading volume of 983,517 shares, compared to its average volume of 1,150,000. The firm has a market capitalization of $90,200.00 and a price-to-earnings ratio of 12.98. Volkswagen has a 1 year low of €124.75 ($148.51) and a 1 year high of €181.32 ($215.86).
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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