Volkswagen (ETR:VOW3) has been given a €105.00 ($125.00) price target by equities researchers at Berenberg Bank in a research note issued on Monday, November 13th. The brokerage currently has a “sell” rating on the stock. Berenberg Bank’s price objective would indicate a potential downside of 39.43% from the stock’s previous close.
VOW3 has been the subject of several other research reports. DZ Bank reaffirmed a “sell” rating on shares of Volkswagen in a research note on Tuesday, August 22nd. J P Morgan Chase & Co set a €213.00 ($253.57) price target on Volkswagen and gave the company a “buy” rating in a research report on Thursday, August 31st. Sanford C. Bernstein set a €150.00 ($178.57) price target on Volkswagen and gave the company a “neutral” rating in a research report on Monday, September 4th. UBS set a €210.00 ($250.00) price target on Volkswagen and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group set a €200.00 ($238.10) price objective on Volkswagen and gave the stock a “buy” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. Volkswagen currently has an average rating of “Buy” and an average target price of €177.48 ($211.28).
Shares of Volkswagen (ETR VOW3) traded down €4.75 ($5.65) during mid-day trading on Monday, reaching €173.35 ($206.37). The company had a trading volume of 2,322,953 shares, compared to its average volume of 1,720,000. Volkswagen has a fifty-two week low of €117.20 ($139.52) and a fifty-two week high of €178.25 ($212.20).
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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