UBS AG Reiterates “€85.00” Price Target for Daimler AG (DAI)
UBS AG set a €85.00 ($101.19) target price on Daimler AG (ETR:DAI) in a research note published on Tuesday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also commented on DAI. Sanford C. Bernstein set a €85.00 ($101.19) target price on Daimler AG and gave the company a buy rating in a research note on Monday, June 19th. Morgan Stanley set a €68.00 ($80.95) target price on Daimler AG and gave the company a neutral rating in a research note on Wednesday, June 14th. Berenberg Bank set a €54.00 ($64.29) target price on Daimler AG and gave the company a sell rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co set a €85.00 ($101.19) target price on Daimler AG and gave the company a buy rating in a research note on Monday, June 12th. Finally, HSBC Holdings plc set a €73.00 ($86.90) target price on Daimler AG and gave the company a neutral rating in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €72.09 ($85.82).
Shares of Daimler AG (ETR DAI) opened at 66.344 on Tuesday. The company’s 50 day moving average price is €61.70 and its 200-day moving average price is €65.63. The firm has a market capitalization of €70.97 billion and a P/E ratio of 7.177. Daimler AG has a 12 month low of €59.01 and a 12 month high of €73.20.
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Daimler AG Company Profile
Daimler AG, through its subsidiaries, engages in the development, production, and distribution of passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments.
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