Will the Recent Warburg Research Upgrade Help BMW (ETR:BMW3) Shares This Week?


BMW (ETR:BMW3) Stock Upgrade

In an analyst note revealed to investors on Wednesday, 2 December, Warburg Research decided to upgrade shares of BMW (ETR:BMW3) to a “Buy” rating. The firm currently has a respectable EUR 115.00 target on BMW3 shares.

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 €96.18 with a 22.18% above today’s (€78.72) stock price. BMW was the topic of 44 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 26 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and €105 target share price in a report from a November 5. UBS maintained BMW3 stock in a recent report from November 25 with “Neutral” rating. Warburg Research upgraded the rating on November 5. Warburg Research has a “Buy” rating and a €115 price target on shares. Finally, Equinet upgraded the stock to “Accumulate” rating in a report issued on a November 18.

The stock decreased 0.79% or EUR 0.63 on December 1, striking EUR 78.72. Approximately 65,275 shares of stock traded hands or 10.65% up from the average. Bayerische Motoren Werke AG (ETR:BMW3) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

 Will the Recent Warburg Research Upgrade Help BMW (ETR:BMW3) Shares This Week?

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 64.84 billion EUR. It divides its activities into the three main divisions: Automobiles, Motorcycles and Financial Services. It has 8.48 P/E ratio. It owns three brands: BMW, MINI and Rolls-Royce.