Is BMW (ETR:BMW3) Now a Sell? How Analysts Rate it and Why Goldman Sachs Group Inc. Downgraded The Stock


BMW (ETR:BMW3) Receives a Downgrade

BMW (ETR:BMW3) shares have been lowered to a “Sell” rating by expert analysts at Goldman Sachs Group Inc.. BMW3’s past rating is now invalid according to the Goldman Sachs Group Inc. analysts.

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 30.15% above today’s (€75.16) stock price. BMW was the topic of 50 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 9 with “Hold” rating. Warburg Research upgraded shares to “Buy” rating and €115 target share price in a report from a December 2. Baader Wertpapierhandelsbank maintained BMW3 stock in a recent report from December 5 with “Hold” rating. HSBC maintained the rating on November 26. HSBC has a “Hold” rating and a €92 price target on shares. Finally, Equinet upgraded the stock to “Accumulate” rating in a report issued on a December 2.

The stock decreased 0.46% or EUR 0.35 on December 10, striking EUR 75.16. Approximately 81,746 shares of stock traded hands or 24.93% up from the average. Bayerische Motoren Werke AG (ETR:BMW3) has declined 11.45% since May 14, 2015 and is downtrending. It has underperformed by 9.52% the S&P500.

Is BMW (ETR:BMW3) Now a Sell? How Analysts Rate it and Why Goldman Sachs Group Inc. Downgraded The Stock

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 62.34 billion EUR. It divides its activities into the three main divisions: Automobiles, Motorcycles and Financial Services. It has 8.1 P/E ratio. It owns three brands: BMW, MINI and Rolls-Royce.