HSBC Reiterates “€127.00” Price Target for Volkswagen AG (VOW3)
Volkswagen AG (ETR:VOW3) has been given a €127.00 ($141.11) price objective by research analysts at HSBC in a report released on Friday. The brokerage presently has a a “neutral” rating on the stock.
Other equities research analysts have also issued reports about the company. Warburg Research set a €144.00 ($160.00) target price on Volkswagen AG and gave the company a “neutral” rating in a research report on Thursday. Barclays PLC set a €161.00 ($178.89) target price on Volkswagen AG and gave the company a “buy” rating in a research report on Friday. Baader Bank set a €135.00 ($150.00) target price on Volkswagen AG and gave the company a “neutral” rating in a research report on Friday, June 17th. Independent Research GmbH set a €114.00 ($126.67) price target on Volkswagen AG and gave the stock a “sell” rating in a research note on Friday, June 17th. Finally, equinet AG set a €166.00 ($184.44) price target on Volkswagen AG and gave the stock a “buy” rating in a research note on Monday, July 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €137.72 ($153.02).
Shares of Volkswagen AG (ETR:VOW3) opened at 120.08 on Friday. The company’s market cap is €60.20 billion. The stock has a 50 day moving average of €120.76 and a 200-day moving average of €120.83. Volkswagen AG has a 12 month low of €92.78 and a 12 month high of €138.90.
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Volkswagen AG Company Profile
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
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