Volkswagen AG (VLKAY) Upgraded to “Buy” by Goldman Sachs Group Inc.
Volkswagen AG (NASDAQ:VLKAY) was upgraded by Goldman Sachs Group Inc. from a “sell” rating to a “buy” rating in a research report issued on Tuesday.
Several other brokerages have also recently commented on VLKAY. Zacks Investment Research raised Volkswagen AG from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Jefferies Group assumed coverage on Volkswagen AG in a report on Tuesday, August 9th. They set an “underperform” rating for the company. Berenberg Bank assumed coverage on Volkswagen AG in a report on Tuesday. They set a “sell” rating for the company. Finally, HSBC upgraded Volkswagen AG from a “hold” rating to a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.00.
Volkswagen AG (NASDAQ:VLKAY) traded up 0.253% during mid-day trading on Tuesday, hitting $27.695. 91,402 shares of the stock were exchanged. Volkswagen AG has a one year low of $24.50 and a one year high of $32.18. The company has a 50-day moving average price of $28.64 and a 200-day moving average price of $29.07.
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About Volkswagen AG
Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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