Volkswagen (VOW3) Given a €120.00 Price Target at Berenberg Bank
Volkswagen (ETR:VOW3) has been given a €120.00 ($142.86) target price by equities researchers at Berenberg Bank in a report released on Monday. The brokerage currently has a “sell” rating on the stock. Berenberg Bank’s price target points to a potential downside of 33.30% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Goldman Sachs Group set a €195.00 ($232.14) target price on Volkswagen and gave the stock a “buy” rating in a report on Thursday, October 19th. Citigroup set a €199.00 ($236.90) target price on Volkswagen and gave the stock a “buy” rating in a report on Wednesday, October 18th. Sanford C. Bernstein set a €180.00 ($214.29) target price on Volkswagen and gave the stock a “buy” rating in a report on Thursday, October 19th. Credit Suisse Group set a €227.00 ($270.24) price objective on Volkswagen and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Morgan Stanley set a €135.00 ($160.71) price objective on Volkswagen and gave the company a “neutral” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. Volkswagen currently has a consensus rating of “Buy” and a consensus target price of €187.39 ($223.08).
Shares of Volkswagen (VOW3) traded up €0.08 ($0.10) during trading on Monday, hitting €179.90 ($214.17). The stock had a trading volume of 696,267 shares, compared to its average volume of 1,070,000. The stock has a market cap of $90,530.00 and a PE ratio of 12.99. Volkswagen has a 12-month low of €124.75 ($148.51) and a 12-month high of €181.32 ($215.86).
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.
Receive News & Ratings for Volkswagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volkswagen and related companies with MarketBeat.com's FREE daily email newsletter.