Daimler (ETR:DAI) has been given a €67.00 ($79.76) target price by research analysts at HSBC in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the stock. HSBC’s price objective suggests a potential downside of 5.65% from the company’s current price.
DAI has been the topic of several other reports. Deutsche Bank set a €90.00 ($107.14) price target on Daimler and gave the stock a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a €85.00 ($101.19) target price on Daimler and gave the company a “buy” rating in a report on Friday, August 25th. Sanford C. Bernstein set a €85.00 ($101.19) target price on Daimler and gave the company a “buy” rating in a report on Tuesday, October 3rd. UBS set a €85.00 ($101.19) target price on Daimler and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Morgan Stanley set a €68.00 ($80.95) target price on Daimler and gave the company a “neutral” rating in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Daimler has an average rating of “Hold” and a consensus target price of €73.83 ($87.89).
Daimler (ETR:DAI) traded up €0.12 ($0.14) during trading hours on Thursday, hitting €71.01 ($84.54). The stock had a trading volume of 6,986,099 shares, compared to its average volume of 2,870,000. Daimler has a 52 week low of €59.01 ($70.25) and a 52 week high of €73.62 ($87.64).
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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