Volkswagen AG (VOW3) Receives “Buy” Rating from Citigroup Inc.
Several other equities research analysts have also recently weighed in on the company. Goldman Sachs Group Inc. set a €153.00 ($164.52) target price on Volkswagen AG and gave the stock a buy rating in a research note on Wednesday. Barclays PLC set a €168.00 ($180.65) target price on Volkswagen AG and gave the stock a buy rating in a research note on Tuesday. Berenberg Bank set a €98.00 ($105.38) target price on Volkswagen AG and gave the stock a sell rating in a research note on Tuesday. BNP Paribas set a €150.00 ($161.29) target price on Volkswagen AG and gave the stock a buy rating in a research note on Monday. Finally, JPMorgan Chase & Co. restated a buy rating on shares of Volkswagen AG in a research note on Monday. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Volkswagen AG presently has an average rating of Hold and a consensus target price of €137.58 ($147.94).
Volkswagen AG (ETR:VOW3) opened at 124.355 on Wednesday. Volkswagen AG has a 1-year low of €92.78 and a 1-year high of €138.90. The firm has a market capitalization of €62.34 billion and a PE ratio of 112.538. The firm has a 50-day moving average price of €120.56 and a 200-day moving average price of €121.91.
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About Volkswagen AG
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
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