BMW (ETR:BMW3) May Have Just Reached An Inflection Point; Norddeutsche Landesbank Upgrades Shares

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BMW (ETR:BMW3) Stock Upgrade

Shares of BMW (ETR:BMW3) stock were hiked to a Buy by stock analysts at Norddeutsche Landesbank, who now have a Estimated Target Price set at EUR 110.00 on BMW3. This target is 15.06% from BMW3’s current share 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 53 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Equinet upgraded shares on December 16 to “Accumulate” rating. Independent Research maintained shares with “Hold” rating and €110 target share price in a report from a December 2. Goldman Sachs downgraded BMW3 stock in a recent report from December 11 to “Sell” rating. Warburg Research upgraded the rating on December 2. Warburg Research has a “Buy” rating and a €115 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 9.

The stock closed the day at EUR 75.13 during the previous session. It is down 11.45% since May 20, 2015 and is downtrending. It has underperformed by 8.83% the S&P500.

 BMW (ETR:BMW3) May Have Just Reached An Inflection Point; Norddeutsche Landesbank Upgrades Shares

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 59.21 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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