Volkswagen (ETR:VOW) Rating Reaffirmed
The firm has just set a target PPS of EUR 100.00 on Volkswagen (ETR:VOW) shares. This is -20.16% from the previous stock close. In analysts report published on Wednesday morning, Baader Wertpapierhandelsbank has decided to reaffirm their “Hold” rating on shares of VOW.
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 €130.10 with a -3.13% below today’s (€134.3) stock price. Volkswagen was the topic of 92 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Independent Research downgraded shares on December 15 to “Sell” rating. Deutsche Bank maintained shares with “Hold” rating and €135 target share price in a report from a December 9. Landesbank downgraded VOW stock in a recent report from December 11 to “Sell” rating. Bernstein upgraded the rating on December 9. Bernstein has a “Outperform” rating and a €160 price target on shares. Finally, UBS upgraded the stock to “Buy” rating in a report issued on a December 10.
The stock increased 1.97% or EUR 2.6 on December 15, striking EUR 134.3. Approximately 151,706 shares of stock traded hands. Volkswagen AG (ETR:VOW) has risen 6.00% since November 16, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.
Volkswagen AG is a Germany-based automobile maker and a carmaker in Europe. The company has a market cap of 65.55 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 10.91 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.