BMW (BMW) Given a €85.00 Price Target by Goldman Sachs Analysts
BMW (ETR:BMW) has been assigned a €85.00 ($104.94) price target by investment analysts at Goldman Sachs in a research note issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Goldman Sachs’ target price indicates a potential downside of 0.39% from the company’s previous close.
Several other brokerages also recently issued reports on BMW. Independent Research set a €95.00 ($117.28) price objective on BMW and gave the company a “neutral” rating in a research report on Friday, January 19th. Kepler Capital Markets set a €77.00 ($95.06) price objective on BMW and gave the company a “sell” rating in a research report on Tuesday, January 23rd. HSBC set a €82.00 ($101.23) target price on BMW and gave the company a “neutral” rating in a research note on Thursday, December 14th. BNP Paribas set a €110.00 ($135.80) target price on BMW and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Barclays set a €110.00 ($135.80) target price on BMW and gave the company a “buy” rating in a research note on Tuesday, January 30th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. BMW presently has an average rating of “Hold” and an average price target of €95.67 ($118.11).
BMW stock opened at €85.33 ($105.35) on Wednesday. BMW has a 52-week low of €77.07 ($95.15) and a 52-week high of €97.04 ($119.80). The stock has a market capitalization of $55,750.00 and a price-to-earnings ratio of 7.40.
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Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
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