Daimler (ETR:DAI) Given a €53.00 Price Target at Independent Research

Independent Research set a €53.00 ($61.63) target price on Daimler (ETR:DAI) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also weighed in on DAI. Jefferies Financial Group set a €40.00 ($46.51) price objective on shares of Daimler and gave the stock a sell rating in a research report on Thursday, October 24th. Bank of America set a €55.00 ($63.95) price objective on shares of Daimler and gave the stock a buy rating in a research report on Tuesday, October 15th. Barclays set a €51.00 ($59.30) price objective on shares of Daimler and gave the stock a neutral rating in a research report on Friday, January 10th. HSBC set a €45.00 ($52.33) price objective on shares of Daimler and gave the stock a sell rating in a research report on Thursday, December 12th. Finally, Credit Suisse Group set a €55.00 ($63.95) price objective on shares of Daimler and gave the stock a neutral rating in a research report on Friday, October 25th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Daimler has a consensus rating of Hold and an average price target of €52.39 ($60.92).

Daimler stock opened at €47.51 ($55.24) on Tuesday. The company has a debt-to-equity ratio of 254.49, a current ratio of 1.22 and a quick ratio of 0.83. Daimler has a 1-year low of €40.31 ($46.87) and a 1-year high of €60.00 ($69.77). The firm has a market capitalization of $51.84 billion and a P/E ratio of 12.56. The company’s 50-day moving average is €49.89 and its 200 day moving average is €47.88.

Daimler Company Profile

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.

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Analyst Recommendations for Daimler (ETR:DAI)

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