Volkswagen (ETR:VOW3) has been given a €160.00 ($197.53) target price by investment analysts at Morgan Stanley in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 2.11% from the stock’s previous close.
Several other research firms have also recently issued reports on VOW3. Warburg Research set a €200.00 ($246.91) target price on Volkswagen and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Kepler Capital Markets set a €220.00 ($271.60) target price on Volkswagen and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. UBS Group set a €210.00 ($259.26) price target on Volkswagen and gave the company a “buy” rating in a report on Tuesday, January 23rd. Bank of America set a €205.00 ($253.09) price target on Volkswagen and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Deutsche Bank set a €210.00 ($259.26) price target on Volkswagen and gave the company a “buy” rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of €192.12 ($237.19).
Volkswagen (ETR:VOW3) traded up €2.18 ($2.69) during trading hours on Wednesday, hitting €156.70 ($193.46). The company had a trading volume of 1,690,000 shares, compared to its average volume of 1,580,000. Volkswagen has a 12-month low of €124.75 ($154.01) and a 12-month high of €192.30 ($237.41). The stock has a market capitalization of $79,470.00 and a PE ratio of 11.31.
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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.
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