Morgan Stanley Reiterates “€135.00” Price Target for Volkswagen AG (VOW3)
Volkswagen AG (ETR:VOW3) received a €135.00 ($158.82) price objective from analysts at Morgan Stanley in a report released on Tuesday. The brokerage currently has a “neutral” rating on the stock.
Several other brokerages also recently issued reports on VOW3. BNP Paribas set a €170.00 ($200.00) price target on shares of Volkswagen AG and gave the stock a “buy” rating in a research report on Friday, September 8th. Sanford C. Bernstein set a €150.00 ($176.47) price target on shares of Volkswagen AG and gave the stock a “neutral” rating in a research report on Tuesday, October 3rd. Citigroup Inc. set a €194.00 ($228.24) price target on shares of Volkswagen AG and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reiterated a “neutral” rating on shares of Volkswagen AG in a research report on Monday, September 18th. Finally, equinet AG set a €166.00 ($195.29) price target on shares of Volkswagen AG and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of €163.92 ($192.84).
Volkswagen AG (VOW3) opened at 144.505 on Tuesday. Volkswagen AG has a 1-year low of €111.70 and a 1-year high of €156.32. The firm’s 50-day moving average is €138.36 and its 200 day moving average is €136.31. The firm has a market cap of €72.44 billion and a PE ratio of 8.881.
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About Volkswagen AG
Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and genuine parts.
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