Berenberg Bank Reaffirms “Sell” Rating for Volkswagen AG (VLKAY)
Volkswagen AG (NASDAQ:VLKAY)‘s stock had its “sell” rating reissued by stock analysts at Berenberg Bank in a research note issued on Monday.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Volkswagen AG from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. upgraded shares of Volkswagen AG from a “sell” rating to a “buy” rating in a report on Tuesday, November 22nd. Jefferies Group started coverage on shares of Volkswagen AG in a report on Tuesday, August 9th. They issued an “underperform” rating for the company. Finally, HSBC upgraded shares of Volkswagen AG from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Volkswagen AG currently has an average rating of “Hold” and a consensus price target of $33.00.
Shares of Volkswagen AG (NASDAQ:VLKAY) opened at 27.96 on Monday. Volkswagen AG has a 12 month low of $24.50 and a 12 month high of $32.18. The stock’s 50 day moving average price is $28.55 and its 200-day moving average price is $29.04. The stock has a market capitalization of $70.08 billion and a price-to-earnings ratio of 116.11.
Volkswagen AG Company Profile
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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