Volkswagen (ETR:VOW) Stock Upgrade
Volkswagen (ETR:VOW) was just upgraded by Bernstein Research to a respectable Outperform rating in analysts note issued to investors and clients on 9 December. The firm now has a EUR 160.00 price target on the shares. This target is 28.62% from VOW’s current share price.
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 €128.15 with a -6.77% below today’s (€137.45) stock price. Volkswagen was the topic of 87 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 9 with “Hold” rating. Berenberg upgraded shares to “Buy” rating and €160 target share price in a report from a November 28. Goldman Sachs downgraded VOW stock in a recent report from December 5 to “Sell” rating. Equinet maintained the rating on November 27. Equinet has a “Neutral” rating and a €104 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on a December 5.
Approximately 66,102 shares of stock traded hands. Volkswagen AG (ETR:VOW) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.
Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 68.83 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 11.16 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.