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Volkswagen AG (NASDAQ:VLKAY) was downgraded by analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Volkswagen AG (NASDAQ:VLKAY) opened at 44.2485 on Friday. 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 $105.3 billion and a P/E ratio of 8.29.

Separately, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30,000.00.

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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