Porsche Automobil (ETR:PAH3) has been assigned a €89.00 ($104.71) target price by equities research analysts at Sanford C. Bernstein in a research note issued on Wednesday, Borsen Zeitung reports. Sanford C. Bernstein’s price target points to a potential upside of 2.42% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group set a €93.00 ($109.41) price target on shares of Porsche Automobil in a report on Thursday, August 12th. The Goldman Sachs Group set a €134.00 ($157.65) price objective on shares of Porsche Automobil and gave the stock a “buy” rating in a report on Thursday, May 27th. Nord/LB set a €105.00 ($123.53) price objective on shares of Porsche Automobil in a report on Tuesday, August 10th. Finally, Kepler Capital Markets set a €100.00 ($117.65) price objective on shares of Porsche Automobil in a report on Wednesday, August 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of €103.72 ($122.03).
ETR:PAH3 opened at €86.90 ($102.24) on Wednesday. The company has a fifty day moving average of €88.72 and a 200 day moving average of €89.25. Porsche Automobil has a 52 week low of €44.45 ($52.29) and a 52 week high of €102.00 ($120.00). The company has a quick ratio of 5.50, a current ratio of 5.65 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $13.31 billion and a P/E ratio of 4.91.
Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates through two segments, PSE and Intelligent Transport Systems. The company offers motorcycles, small cars, and luxury vehicles, as well as commercial vehicles, such as pick-ups, buses, and heavy trucks under the Volkswagen, Audi, SEAT, ÂKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania, and MAN brand names.
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