Baader Wertpapierhandelsbank Reiterated BMW (ETR:BMW3) As a “Hold”; They Now Have a Price Objective Of EUR 102.00

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BMW (ETR:BMW3) Rating Reaffirmed

Frankfurt: In analysts note sent to investors on 16 December, Baader Wertpapierhandelsbank reconfirmed their “Hold” rating on BMW (ETR:BMW3) shares. They now have a EUR 102.00 TP on the company. Baader Wertpapierhandelsbank’s target would suggest a potential upside of 7.82% from the company’s current price.

From a total of 19 analysts covering BMW (ETR:BMW3) stock, 6 rate it a ”Buy”, 4 a “Sell”, and 9 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is €115 while the lowest target price is €75. The mean of all analyst targets is €97.82 with a 30.20% above today’s (€75.13) stock price. BMW was the topic of 51 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on December 11 to “Sell” rating. Equinet upgraded shares to “Accumulate” rating and €110 target share price in a report from a December 2. Bernstein maintained BMW3 stock in a recent report from December 9 with “Market Perform” rating. Warburg Research upgraded the rating on December 2. Warburg Research has a “Buy” rating and a €115 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a December 2.

The stock increased 5.27% or EUR 3.76 on December 15, striking EUR 75.13. Approximately 88,719 shares of stock traded hands or 28.35% up from the average. Bayerische Motoren Werke AG (ETR:BMW3) has declined 11.45% since May 19, 2015 and is downtrending. It has underperformed by 7.78% the S&P500.

Baader Wertpapierhandelsbank Reiterated BMW (ETR:BMW3) As a

Bayerische Motoren Werke AG is a German holding firm and automobile maker that focuses on the automobile and motorcycle markets. The company has a market cap of 62.33 billion EUR. It divides its activities into the three main divisions: Automobiles, Motorcycles and Financial Services. It has 8.09 P/E ratio. It owns three brands: BMW, MINI and Rolls-Royce.

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