Royal Bank of Canada set a €63.00 ($73.26) target price on Daimler (ETR:DAI) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently weighed in on DAI. Deutsche Bank initiated coverage on shares of Target in a research report on Monday, July 15th. They set a hold rating and a $85.00 price objective on the stock. UBS Group increased their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a neutral rating in a research report on Monday, July 8th. Oddo Bhf set a GBX 1,170 ($15.29) price target on shares of easyJet and gave the stock a neutral rating in a research report on Monday, May 20th. Bank of America set a €155.00 ($180.23) price target on shares of Continental and gave the stock a buy rating in a research report on Tuesday, May 14th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Daimler presently has an average rating of Hold and an average price target of €55.58 ($64.63).
Shares of ETR DAI opened at €45.44 ($52.84) on Thursday. The business has a 50 day moving average price of €47.83. The company has a market capitalization of $48.61 billion and a P/E ratio of 6.87. Daimler has a 52-week low of €44.51 ($51.76) and a 52-week high of €60.00 ($69.77). The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 228.26.
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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