JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Bayerische Motoren Werke (ETR:BMW) in a report issued on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other brokerages also recently weighed in on BMW. Sanford C. Bernstein set a €65.00 ($75.58) target price on shares of Bayerische Motoren Werke and gave the company a neutral rating in a research note on Tuesday, January 28th. UBS Group set a €68.00 ($79.07) price target on Bayerische Motoren Werke and gave the stock a neutral rating in a research report on Friday, March 13th. Jefferies Financial Group set a €75.00 ($87.21) price objective on Bayerische Motoren Werke and gave the company a neutral rating in a report on Wednesday, March 18th. Deutsche Bank set a €65.00 ($75.58) price objective on Bayerische Motoren Werke and gave the company a buy rating in a report on Friday, March 20th. Finally, Goldman Sachs Group set a €61.00 ($70.93) price objective on Bayerische Motoren Werke and gave the stock a neutral rating in a research report on Thursday, March 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €67.10 ($78.02).
Shares of Bayerische Motoren Werke stock opened at €47.30 ($55.00) on Monday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 200.29. The company has a market cap of $28.14 billion and a P/E ratio of 4.37. The firm’s 50 day moving average price is €56.42 and its 200-day moving average price is €66.47. Bayerische Motoren Werke has a 52-week low of €36.60 ($42.55) and a 52-week high of €78.30 ($91.05).
About Bayerische Motoren Werke
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.
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