Bayerische Motoren Werke (ETR:BMW) has been given a €80.00 ($93.02) price target by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, October 3rd. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 7.18% from the company’s current price.
Several other analysts have also issued reports on BMW. Credit Suisse Group set a €129.00 ($150.00) price target on Bayerische Motoren Werke and gave the company a “buy” rating in a report on Friday, June 15th. Sanford C. Bernstein set a €85.00 ($98.84) price objective on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research note on Friday, July 6th. Independent Research set a €86.00 ($100.00) price objective on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research note on Friday, June 22nd. Kepler Capital Markets set a €77.00 ($89.53) price objective on Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, June 25th. Finally, Societe Generale set a €94.00 ($109.30) price objective on Bayerische Motoren Werke and gave the stock a “buy” rating in a research note on Monday, June 25th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €90.23 ($104.92).
ETR:BMW traded down €0.49 ($0.57) during mid-day trading on Wednesday, hitting €74.64 ($86.79). 3,589,651 shares of the company traded hands, compared to its average volume of 2,050,000. Bayerische Motoren Werke has a one year low of €77.07 ($89.62) and a one year high of €97.04 ($112.84).
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.
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