Macquarie Reiterates €150.00 Price Target for Volkswagen AG (VOW3)
Volkswagen AG (ETR:VOW3) has been assigned a €150.00 ($168.54) target price by investment analysts at Macquarie in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the stock.
Other analysts also recently issued reports about the company. J P Morgan Chase & Co set a €197.00 ($221.35) price target on Volkswagen AG and gave the company a “buy” rating in a report on Monday, March 27th. Jefferies Group LLC set a €160.00 ($179.78) price target on Volkswagen AG and gave the company a “buy” rating in a report on Tuesday, April 18th. Morgan Stanley set a €135.00 ($151.69) price target on Volkswagen AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €197.00 ($221.35) price target on Volkswagen AG and gave the company a “buy” rating in a report on Tuesday, March 14th. Finally, S&P Global set a €169.00 ($189.89) price target on Volkswagen AG and gave the company a “buy” rating in a report on Tuesday, March 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Volkswagen AG has an average rating of “Hold” and an average price target of €154.75 ($173.88).
Volkswagen AG (ETR VOW3) opened at 134.785 on Wednesday. The company has a 50-day moving average price of €138.17 and a 200-day moving average price of €139.31. The stock has a market capitalization of €67.57 billion and a price-to-earnings ratio of 10.928. Volkswagen AG has a 12-month low of €103.70 and a 12-month high of €156.32.
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About Volkswagen AG
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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