Volkswagen (ETR:VOW) Stock Upgrade
UBS AG upgraded shares of Volkswagen (ETR:VOW) to a solid “Buy” rating in an analyst research report released on 10 December. Analysts currently have a EUR 160.00 PT set on the stock. This PT would now indicate a possible upside of 21.49% from the current price of the stock.
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 -8.73% below today’s (€140.4) 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.
The stock increased 5.96% or EUR 7.9 on December 9, striking EUR 140.4. Approximately 323,912 shares of stock traded hands or 61.54% up from the average. Volkswagen AG (ETR:VOW) has risen 6.00% since November 10, 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 70.31 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 11.4 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.