Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 12-Month High – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) shares reached a new 52-week high on Friday . The company traded as high as C$18.15 and last traded at C$18.15, with a volume of 28730 shares changing hands. The stock had previously closed at C$17.57.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Monday, November 24th. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada lowered shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mercedes-Benz Group currently has an average rating of “Moderate Buy”.

Mercedes-Benz Group Trading Up 2.8%

The stock has a market capitalization of C$69.54 billion, a P/E ratio of 5.73 and a beta of 0.82. The stock’s fifty day moving average price is C$17.02 and its two-hundred day moving average price is C$15.81. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$37.58 billion during the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%. Equities research analysts forecast that Mercedes-Benz Group AG will post 2.26 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.