Volkswagen AG Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:VLKAY)
Volkswagen AG (NASDAQ:VLKAY) has been given an average recommendation of “Hold” by the twelve analysts that are covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30,000.00.
Shares of Volkswagen AG (NASDAQ:VLKAY) traded down 0.88% on Wednesday, hitting $52.2141. 19,923 shares of the company’s stock traded hands. Volkswagen AG has a 52 week low of $37.12 and a 52 week high of $54.88. The stock’s 50-day moving average is $52.1 and its 200-day moving average is $51.26. The company has a market cap of $121.5 billion and a P/E ratio of 9.98.
A number of analysts have recently weighed in on VLKAY shares. Analysts at ING Group reiterated a “sell” rating on shares of Volkswagen AG in a research note on Monday, May 19th. They now have a $30,000.00 price target on the stock, down previously from $35,000.00. Separately, analysts at Zacks upgraded shares of Volkswagen AG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Finally, analysts at Sanford C. Bernstein upgraded shares of Volkswagen AG from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th.
Volkswagen AG is a Germany-based automobile manufacturer. The Company develops vehicles and components, and also produces and sells vehicles, in particular Volkswagen brand passenger cars and commercial vehicles.
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