Daimler (ETR:DAI) Stock Upgrade
Baader Wertpapierhandelsbank upgraded shares of Daimler (ETR:DAI) to a solid “Buy” rating in an interesting research report shared with investors and clients on 5 December. Analysts currently have a EUR 113.00 target price set on the stock. This target price may imply a possible upside of 43.82% from the last stock close of the stock.
From a total of 17 analysts covering Daimler (ETR:DAI) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is €110 while the lowest target price is €70. The mean of all analyst targets is €93.79 with a 19.31% above today’s (€78.61) stock price. Daimler was the topic of 42 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 4 to “Buy” rating. Bernstein maintained shares with “Market Perform” rating and €70 target share price in a report from an October 23. Goldman Sachs upgraded DAI stock in a recent report from November 24 to “Buy” rating. S&P Research upgraded the rating on October 23. S&P Research has a “Buy” rating and a €95 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 3.
The stock increased 0.24% or EUR 0.19 on December 4, striking EUR 78.61. Approximately 5.33 million shares of stock traded hands or 49.30% up from the average. Daimler AG (ETR:DAI) has 0.00% since May 6, 2015 and is . It has outperformed by 2.78% the S&P500.
Daimler AG is an automotive engineering company. The company has a market cap of 84.10 billion EUR. The Firm is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. It has 10.9 P/E ratio. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.