Citigroup Inc. Reiterates “€66.00” Price Target for Daimler AG (DAI)
Daimler AG (ETR:DAI) received a €66.00 ($78.57) target price from investment analysts at Citigroup Inc. in a note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock.
A number of other brokerages have also issued reports on DAI. Warburg Research set a €85.00 ($101.19) target price on shares of Daimler AG and gave the company a “buy” rating in a research note on Tuesday, July 25th. Independent Research GmbH set a €67.00 ($79.76) price objective on shares of Daimler AG and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein set a €85.00 ($101.19) price objective on shares of Daimler AG and gave the stock a “buy” rating in a research note on Monday, September 4th. Deutsche Bank AG set a €90.00 ($107.14) price objective on shares of Daimler AG and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Nord/LB set a €66.00 ($78.57) price objective on shares of Daimler AG and gave the stock a “neutral” rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. Daimler AG has a consensus rating of “Hold” and a consensus target price of €72.09 ($85.82).
Shares of Daimler AG (ETR DAI) traded up 0.893% on Tuesday, hitting €66.344. 29,619 shares of the company traded hands. The firm has a market capitalization of €70.97 billion and a P/E ratio of 7.177. Daimler AG has a 1-year low of €59.01 and a 1-year high of €73.20. The firm’s 50-day moving average is €61.70 and its 200 day moving average is €65.63.
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Daimler AG Company Profile
Daimler AG, through its subsidiaries, engages in the development, production, and distribution of passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments.
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