Volkswagen AG (VOW3) Receives Average Recommendation of “Hold” from Brokerages
Shares of Volkswagen AG (ETR:VOW3) have earned a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is €159.74 ($187.93).
VOW3 has been the topic of a number of research reports. J P Morgan Chase & Co set a €197.00 ($231.76) price target on shares of Volkswagen AG and gave the company a “buy” rating in a research note on Monday, July 10th. Berenberg Bank set a €105.00 ($123.53) price objective on shares of Volkswagen AG and gave the stock a “sell” rating in a research report on Tuesday, July 4th. Sanford C. Bernstein set a €150.00 ($176.47) price objective on shares of Volkswagen AG and gave the stock a “neutral” rating in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) set a €215.00 ($252.94) price objective on shares of Volkswagen AG and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, equinet AG set a €166.00 ($195.29) price objective on shares of Volkswagen AG and gave the stock a “buy” rating in a research report on Tuesday, July 4th.
Shares of Volkswagen AG (ETR VOW3) opened at 128.725 on Tuesday. The firm has a 50-day moving average of €135.88 and a 200-day moving average of €139.29. Volkswagen AG has a 52-week low of €110.78 and a 52-week high of €156.32. The stock has a market cap of €64.53 billion and a P/E ratio of 7.911.
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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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