How Bad Does Volkswagen (ETR:VOW) Look Now? Goldman Sachs Group Inc. Has Just Downgraded Shares

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Volkswagen (ETR:VOW) Receives a Downgrade

Just today Volkswagen (ETR:VOW) has been lowered by equity analysts working for Goldman Sachs Group Inc. to a solid Sell rating. This was announced in a a very recent research note announced on Saturday morning. The firm now has a EUR 100.00 price target on shares. Goldman Sachs Group Inc.’s price target may suggest a possible downside of -21.29%.

From a total of 21 analysts covering Volkswagen (ETR:VOW) stock, 4 rate it a ”Buy”, 6 a “Sell”, and 11 a ”Hold”. This means that 19% 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 €130.75 with a -4.77% below today’s (€137.3) stock price. Volkswagen was the topic of 82 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 28 with “Neutral” rating. BNP Paribas maintained shares with “Neutral” rating and €127 target share price in a report from a November 25. Berenberg upgraded VOW stock in a recent report from November 28 to “Buy” rating. Independent Research downgraded the rating on November 24. Independent Research has a “Sell” rating and a €90 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on a November 27.

The stock increased 0.40% or EUR 0.55 on December 4, striking EUR 137.3. Approximately 184,766 shares of stock traded hands. Volkswagen AG (ETR:VOW) has risen 6.00% since November 5, 2015 and is uptrending. It has outperformed by 8.78% the S&P500.

 How Bad Does Volkswagen (ETR:VOW) Look Now? Goldman Sachs Group Inc. Has Just Downgraded Shares

Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 66.53 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 11.15 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.

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