Volkswagen AG (VLKAY) Receives $51.00 Average Price Target from Analysts
Volkswagen AG (OTCMKTS:VLKAY) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $51.00.
A number of brokerages have commented on VLKAY. Bank of America raised Volkswagen from an “underperform” rating to a “buy” rating in a report on Monday, January 29th. Zacks Investment Research lowered Volkswagen from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a report on Thursday, January 25th. Macquarie upgraded Volkswagen from a “neutral” rating to an “outperform” rating in a research report on Friday, January 12th. Finally, Deutsche Bank upgraded Volkswagen from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th.
Volkswagen (OTCMKTS VLKAY) traded down $0.60 during mid-day trading on Friday, hitting $38.97. The company had a trading volume of 265,666 shares, compared to its average volume of 209,904. Volkswagen has a 1-year low of $28.90 and a 1-year high of $46.53. The firm has a market cap of $99,633.38, a price-to-earnings ratio of 12.86, a PEG ratio of 0.34 and a beta of 1.79.
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The 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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