A Lower Rating Has Been Given to Volkswagen (ETR:VOW) By a Norddeutsche Landesbank. EUR 110.00 is The Target Price per Share

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Volkswagen (ETR:VOW) Receives a Downgrade

Volkswagen (ETR:VOW)’s rating has just been cut by investment advisers at Norddeutsche Landesbank to a Sell. They now have a PT of EUR 110.00 on VOW. This PT suggests a possible downside of -17.48% from the price per share 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 €128.65 with a -7.84% below today’s (€139.6) stock price. Volkswagen was the topic of 88 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. UBS upgraded shares on December 10 to “Buy” rating. Baader Wertpapierhandelsbank maintained shares with “Hold” rating and €100 target share price in a report from a December 5. Bernstein upgraded VOW stock in a recent report from December 9 to “Outperform” rating. Berenberg upgraded the rating on November 28. Berenberg has a “Buy” rating and a €160 price target on shares. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on a December 5.

The stock decreased 0.57% or EUR 0.8 on December 10, striking EUR 139.6. Approximately 291,470 shares of stock traded hands or 44.37% up from the average. Volkswagen AG (ETR:VOW) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.

 A Lower Rating Has Been Given to Volkswagen (ETR:VOW) By a Norddeutsche Landesbank. EUR 110.00 is The Target Price per Share

Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 64.31 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 11.34 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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