Volkswagen (VOW3) Given a €160.00 Price Target at Morgan Stanley
Volkswagen (ETR:VOW3) has been assigned a €160.00 ($197.53) price objective by equities research analysts at Morgan Stanley in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 2.11% from the company’s current price.
Several other analysts have also issued reports on VOW3. Credit Suisse Group set a €227.00 ($280.25) price target on shares of Volkswagen and gave the stock a “buy” rating in a research report on Wednesday. Nord/LB set a €185.00 ($228.40) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein set a €220.00 ($271.60) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. set a €213.00 ($262.96) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday. Finally, Kepler Capital Markets set a €222.00 ($274.07) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of €192.12 ($237.19).
Volkswagen (VOW3) traded up €2.18 ($2.69) during midday trading on Wednesday, hitting €156.70 ($193.46). 1,690,534 shares of the company traded hands, compared to its average volume of 1,580,000. The firm has a market cap of $79,460.00 and a price-to-earnings ratio of 11.31. Volkswagen has a twelve month low of €124.75 ($154.01) and a twelve month high of €192.30 ($237.41).
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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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