Should Investors Be Selling Volkswagen (ETR:VOW)? Independent Research GmbH Has Just Downgraded The Stock


Volkswagen (ETR:VOW) Receives a Downgrade

Trading for shares of Volkswagen (ETR:VOW) will be very interesting to watch, as Independent Research GmbH downgraded the rating for the stock to a Sell. In addition to the ratings downgrade, Independent Research GmbH analysts have given the shares a TP of EUR 95.00 which is -22.76% higher than before.

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 €129.85 with a -1.40% below today’s (€131.7) stock price. Volkswagen was the topic of 91 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux maintained shares on December 12 with “Hold” rating. Bernstein upgraded shares to “Outperform” rating and €160 target share price in a report from a December 9. Goldman Sachs downgraded VOW stock in a recent report from December 11 to “Sell” rating. Goldman Sachs downgraded the rating on December 5. Goldman Sachs has a “Sell” rating and a €100 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 9.

The stock decreased 4.29% or EUR 5.9 on December 14, striking EUR 131.7. Approximately 175,701 shares of stock traded hands. Volkswagen AG (ETR:VOW) has risen 6.00% since November 15, 2015 and is uptrending. It has outperformed by 10.42% the S&P500.

 Should Investors Be Selling Volkswagen (ETR:VOW)? Independent Research GmbH Has Just Downgraded The Stock

Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 64.23 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 10.7 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.