Daimler (ETR:DAI) Given a €47.00 Price Target by Nord/LB Analysts

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Nord/LB set a €47.00 ($54.65) price target on Daimler (ETR:DAI) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the company. Independent Research set a €53.00 ($61.63) price objective on Daimler and gave the stock a neutral rating in a research report on Tuesday, January 14th. Royal Bank of Canada set a €62.00 ($72.09) price objective on Daimler and gave the stock a buy rating in a research report on Wednesday. Sanford C. Bernstein set a €50.00 ($58.14) price objective on Daimler and gave the stock a neutral rating in a research report on Monday, January 6th. JPMorgan Chase & Co. set a €62.00 ($72.09) price objective on Daimler and gave the stock a buy rating in a research report on Wednesday. Finally, Deutsche Bank set a €52.00 ($60.47) price objective on Daimler and gave the stock a buy rating in a research report on Monday, January 20th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Daimler has a consensus rating of Hold and a consensus price target of €51.50 ($59.88).

Shares of ETR DAI opened at €43.94 ($51.09) on Wednesday. The firm has a market cap of $47.01 billion and a price-to-earnings ratio of 11.62. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 254.49. Daimler has a 52-week low of €40.31 ($46.87) and a 52-week high of €60.00 ($69.77). The business’s 50 day moving average is €48.94 and its two-hundred day moving average is €47.75.

About Daimler

Daimler AG, together its subsidiaries, develops and manufactures 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 divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.

Read More: What does the Producer Price Index (PPI) tell investors?

Analyst Recommendations for Daimler (ETR:DAI)

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