Volkswagen (ETR:VOW) Rating Reaffirmed
The investment house has just set a target of EUR 100.00 on Volkswagen (ETR:VOW) shares. This is -19.48% from the last stock close. In a note issued on Friday morning, Baader Wertpapierhandelsbank maintained their Hold rating on shares of VOW.
From a total of 20 analysts covering Volkswagen (ETR:VOW) stock, 3 rate it a ”Buy”, 6 a “Sell”, and 11 a ”Hold”. This means that 15% of the ratings are positive. The highest target price is €278 while the lowest target price is €82. The mean of all analyst targets is €129.21 with a -3.97% below today’s (€134.55) stock price. Volkswagen was the topic of 77 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on November 25 with “Neutral” rating. Equinet maintained shares with “Neutral” rating and €104 target share price in a report from a November 18. Independent Research downgraded VOW stock in a recent report from November 24 to “Sell” rating. Landesbank downgraded the rating on November 14. Landesbank has a “Sell” rating and a €86 price target on shares. Finally, Kepler Cheuvreux maintained the stock with “Hold” rating in a report issued on a November 19.
The stock increased 3.14% or EUR 4.1 on November 26, striking EUR 134.55. Approximately 278,321 shares of stock traded hands or 35.66% up from the average. Volkswagen AG (ETR:VOW) has risen 6.00% since October 28, 2015 and is uptrending. It has outperformed by 7.36% the S&P500.
Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 63.35 billion EUR. The Firm develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. It has 10.93 P/E ratio. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.