Credit Suisse Group Reiterates €103.00 Price Target for Porsche Automobil (PAH3)
Porsche Automobil (ETR:PAH3) received a €103.00 ($122.62) target price from research analysts at Credit Suisse Group in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price objective suggests a potential upside of 45.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. UBS set a €80.00 ($95.24) target price on Porsche Automobil and gave the company a “buy” rating in a research report on Friday, December 1st. Warburg Research set a €55.00 ($65.48) price objective on Porsche Automobil and gave the stock a “neutral” rating in a report on Monday, October 2nd. Independent Research set a €72.00 ($85.71) price objective on Porsche Automobil and gave the stock a “buy” rating in a report on Monday, November 13th. Barclays set a €90.00 ($107.14) price objective on Porsche Automobil and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Goldman Sachs Group set a €80.00 ($95.24) price objective on Porsche Automobil and gave the stock a “buy” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Porsche Automobil presently has a consensus rating of “Buy” and a consensus target price of €78.69 ($93.68).
Shares of Porsche Automobil (ETR PAH3) traded down €0.09 ($0.11) during trading on Thursday, reaching €71.00 ($84.52). 589,786 shares of the company’s stock traded hands, compared to its average volume of 611,516. Porsche Automobil has a 12-month low of €47.28 ($56.29) and a 12-month high of €71.92 ($85.62).
Porsche Automobil Holding SE operates as an automobile manufacturer worldwide. Its products include motorcycles, sports cars, passenger cars, light commercial vehicles, trucks, and buses. The company markets and sells its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania, and MAN brand names.
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