Volkswagen (ETR:VOW3) received a €280.00 ($329.41) price objective from analysts at Nord/LB in a research report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Nord/LB’s price objective points to a potential upside of 21.71% from the company’s previous close.
A number of other research firms also recently weighed in on VOW3. The Goldman Sachs Group set a €295.00 ($347.06) price objective on Volkswagen and gave the company a “buy” rating in a report on Thursday, May 27th. Deutsche Bank Aktiengesellschaft set a €270.00 ($317.65) target price on shares of Volkswagen and gave the company a “buy” rating in a research note on Monday, April 26th. Kepler Capital Markets set a €270.00 ($317.65) target price on shares of Volkswagen and gave the company a “buy” rating in a research note on Friday, May 7th. Jefferies Financial Group set a €295.00 ($347.06) target price on shares of Volkswagen and gave the company a “buy” rating in a research note on Thursday, May 6th. Finally, Barclays set a €290.00 ($341.18) target price on shares of Volkswagen and gave the company a “buy” rating in a research note on Wednesday, May 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of €254.67 ($299.61).
ETR VOW3 traded down €0.95 ($1.12) during trading on Friday, reaching €230.05 ($270.65). 874,982 shares of the company traded hands, compared to its average volume of 1,610,000. The company has a debt-to-equity ratio of 152.94, a quick ratio of 0.81 and a current ratio of 1.20. The stock has a 50 day moving average price of €226.33. The firm has a market capitalization of $47.44 billion and a P/E ratio of 10.32. Volkswagen has a 1-year low of €122.96 ($144.66) and a 1-year high of €252.20 ($296.71).
Volkswagen Company Profile
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles and engines, and light commercial vehicles; and produces and sells passenger cars and related parts.
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