Volkswagen AG’s (VOW3) “Sell” Rating Reaffirmed at DZ Bank AG
A number of other brokerages have also recently commented on VOW3. J P Morgan Chase & Co set a €197.00 ($231.76) price objective on shares of Volkswagen AG and gave the company a buy rating in a research note on Thursday, May 4th. Barclays PLC set a €174.00 ($204.71) price objective on shares of Volkswagen AG and gave the company a buy rating in a research note on Tuesday, May 9th. Warburg Research set a €155.00 ($182.35) target price on shares of Volkswagen AG and gave the company a neutral rating in a report on Thursday, May 4th. Sanford C. Bernstein set a €150.00 ($176.47) target price on shares of Volkswagen AG and gave the company a neutral rating in a report on Monday, June 26th. Finally, Goldman Sachs Group, Inc. (The) set a €209.00 ($245.88) target price on shares of Volkswagen AG and gave the company a buy rating in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. Volkswagen AG presently has a consensus rating of Hold and an average price target of €160.48 ($188.80).
Shares of Volkswagen AG (ETR:VOW3) opened at 127.376 on Tuesday. Volkswagen AG has a 12 month low of €110.78 and a 12 month high of €156.32. The stock’s 50 day moving average is €133.60 and its 200 day moving average is €137.43. The stock has a market capitalization of €63.85 billion and a PE ratio of 7.828.
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About Volkswagen AG
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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