Independent Research Reiterates €75.00 Price Target for Daimler (DAI)

Daimler (ETR:DAI) has been given a €75.00 ($89.29) price target by equities research analysts at Independent Research in a report released on Friday. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective would indicate a potential downside of 0.01% from the company’s previous close.

Several other equities analysts also recently commented on the company. Sanford C. Bernstein set a €85.00 ($101.19) price objective on Daimler and gave the company a “buy” rating in a research note on Thursday, November 9th. Berenberg Bank set a €54.00 ($64.29) price objective on Daimler and gave the company a “sell” rating in a research note on Monday, November 13th. Morgan Stanley set a €68.00 ($80.95) price objective on Daimler and gave the company a “neutral” rating in a research note on Tuesday, October 24th. DZ Bank reiterated a “neutral” rating on shares of Daimler in a research note on Tuesday, November 7th. Finally, Societe Generale set a €78.00 ($92.86) price objective on Daimler and gave the company a “buy” rating in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €74.91 ($89.18).

Daimler (DAI) traded up €0.49 ($0.58) during trading on Friday, reaching €75.01 ($89.30). The company had a trading volume of 3,768,230 shares, compared to its average volume of 2,970,000. Daimler has a fifty-two week low of €59.01 ($70.25) and a fifty-two week high of €75.28 ($89.62). The stock has a market capitalization of $80,250.00 and a P/E ratio of 8.48.

WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/20/independent-research-reiterates-75-00-price-target-for-daimler-dai.html.

Daimler Company Profile

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.

Analyst Recommendations for Daimler (ETR:DAI)

Receive News & Ratings for Daimler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daimler and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply