Volkswagen AG (VLKAY) Given Consensus Rating of “Buy” by Brokerages
Volkswagen AG (OTCMKTS:VLKAY) has earned an average rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.00.
A number of research firms have issued reports on VLKAY. HSBC Holdings plc upgraded shares of Volkswagen AG from a “hold” rating to a “buy” rating in a research note on Wednesday, February 22nd. Jefferies Group LLC upgraded shares of Volkswagen AG from an “underperform” rating to a “buy” rating in a research note on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of Volkswagen AG from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Wednesday, February 22nd.
Volkswagen AG (OTCMKTS VLKAY) opened at 31.23 on Monday. The firm’s 50-day moving average is $31.93 and its 200-day moving average is $30.70. The stock has a market cap of $78.28 billion, a P/E ratio of 11.38 and a beta of 1.49. Volkswagen AG has a 1-year low of $25.90 and a 1-year high of $33.75.
Volkswagen AG Company Profile
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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