Volkswagen (ETR:VOW3) has been given a €170.00 ($197.67) price target by equities researchers at Morgan Stanley in a research report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s target price points to a potential upside of 7.32% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group set a €203.00 ($236.05) target price on Volkswagen and gave the stock a “buy” rating in a report on Friday, July 26th. Kepler Capital Markets set a €195.00 ($226.74) target price on Volkswagen and gave the stock a “buy” rating in a report on Thursday. Bank of America set a €190.00 ($220.93) target price on Volkswagen and gave the stock a “buy” rating in a report on Friday, August 23rd. Deutsche Bank set a €210.00 ($244.19) target price on Volkswagen and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, DZ Bank restated a “sell” rating on shares of Volkswagen in a report on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of €182.58 ($212.31).
Shares of ETR VOW3 traded up €1.64 ($1.91) during mid-day trading on Friday, reaching €158.40 ($184.19). The company had a trading volume of 693,857 shares, compared to its average volume of 1,610,000. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 167.78. The stock has a market cap of $32.32 billion and a PE ratio of 6.48. The company has a 50-day moving average price of €146.30 and a two-hundred day moving average price of €148.24. Volkswagen has a 1-year low of €131.44 ($152.84) and a 1-year high of €163.98 ($190.67).
Volkswagen Company Profile
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in 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 related parts.
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