Volkswagen AG Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:VLKAY)
Shares of Volkswagen AG (NASDAQ:VLKAY) have earned an average recommendation of “Hold” from the ten brokerages that are covering the company, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30,000.00.
A number of research firms have recently commented on VLKAY. Analysts at Goldman Sachs downgraded shares of Volkswagen AG from a “neutral” rating to a “sell” rating in a research note on Friday. 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.
Volkswagen AG (NASDAQ:VLKAY) traded down 0.38% on Friday, hitting $44.08. The stock had a trading volume of 42,084 shares. Volkswagen AG has a 1-year low of $43.22 and a 1-year high of $54.88. The stock has a 50-day moving average of $49.66 and a 200-day moving average of $50.83. The company has a market cap of $104.9 billion and a P/E ratio of 8.29.
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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