Daimler’s (DAI) “Sell” Rating Reaffirmed at DZ Bank

DZ Bank reiterated their sell rating on shares of Daimler (ETR:DAI) in a research note published on Monday, Borsen Zeitung reports.

Other analysts have also recently issued research reports about the company. UBS Group set a €50.00 ($58.82) price objective on Daimler and gave the company a neutral rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. set a €63.00 ($74.12) price target on Daimler and gave the stock a buy rating in a research report on Monday. Royal Bank of Canada set a €60.00 ($70.59) price target on Daimler and gave the stock a buy rating in a research report on Wednesday, October 21st. Morgan Stanley set a €48.00 ($56.47) price target on Daimler and gave the stock a buy rating in a research report on Friday, August 14th. Finally, Oddo Bhf set a €40.00 ($47.06) price target on Daimler and gave the stock a neutral rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Daimler presently has a consensus rating of Hold and an average target price of €51.47 ($60.55).

Shares of ETR DAI opened at €44.23 ($52.03) on Monday. The stock’s 50 day moving average price is €46.87 and its two-hundred day moving average price is €38.81. Daimler has a 52-week low of €21.02 ($24.72) and a 52-week high of €54.50 ($64.12). The stock has a market capitalization of $47.31 billion and a P/E ratio of -158.58. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 267.75.

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.

Read More: What is the Hang Seng index?  

Analyst Recommendations for Daimler (ETR:DAI)

Receive News & Ratings for Daimler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daimler and related companies with MarketBeat.com's FREE daily email newsletter.