VTG (ETR:VT9) has been assigned a €50.00 ($59.52) price objective by investment analysts at Baader Bank in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Baader Bank’s target price would suggest a potential upside of 11.10% from the company’s previous close.
A number of other analysts have also issued reports on the company. Commerzbank set a €38.00 ($45.24) target price on VTG and gave the company a “neutral” rating in a report on Tuesday, August 29th. Warburg Research set a €50.00 ($59.52) price objective on VTG and gave the stock a “buy” rating in a report on Monday, September 4th. Kepler Capital Markets set a €56.00 ($66.67) price objective on VTG and gave the stock a “buy” rating in a report on Thursday, November 16th. Berenberg Bank set a €49.00 ($58.33) price objective on VTG and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, HSBC set a €48.00 ($57.14) price objective on VTG and gave the stock a “neutral” rating in a report on Monday, November 20th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. VTG currently has an average rating of “Buy” and an average target price of €46.89 ($55.82).
Shares of VTG (ETR VT9) opened at €45.01 ($53.58) on Monday. VTG has a fifty-two week low of €27.81 ($33.11) and a fifty-two week high of €50.55 ($60.18).
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VTG Aktiengesellschaft, together with its subsidiaries, operates as a wagon hire and rail logistics company worldwide. It operates through three segments: Railcar, Rail Logistics, and Tank Container Logistics. The Railcar segment hires out freight wagons in its own fleet; provides management and technical support services to external wagon fleets, as well as maintenance services for rail freight wagons and their components; and manufactures tank wagons.
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