Volkswagen AG Given Consensus Rating of “Hold” by Brokerages (NASDAQ:VLKAY)
Volkswagen AG (NASDAQ:VLKAY) has been given a consensus rating of “Hold” by the ten analysts that are covering the stock, StockRatingsNetwork.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year 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.
Shares of Volkswagen AG (NASDAQ:VLKAY) opened at 45.12 on Friday. Volkswagen AG has a one year low of $43.22 and a one year high of $54.88. The stock has a 50-day moving average of $49.11 and a 200-day moving average of $50.71. The company has a market cap of $107.3 billion and a price-to-earnings ratio of 8.36.
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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