Daimler AG (DAI) Receives Consensus Recommendation of “Hold” from Analysts
Daimler AG (ETR:DAI) has received an average recommendation of “Hold” from the twenty-four brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is €65.74 ($76.44).
DAI has been the subject of a number of research reports. Societe Generale set a €72.00 ($83.72) price objective on shares of Daimler and gave the company a “buy” rating in a report on Monday, June 25th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Daimler in a report on Monday, July 9th. UBS Group set a €92.00 ($106.98) price objective on shares of Daimler and gave the company a “buy” rating in a report on Tuesday, July 10th. equinet set a €71.00 ($82.56) price objective on shares of Daimler and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Daimler in a report on Friday, July 27th.
Shares of DAI traded down €0.58 ($0.67) during mid-day trading on Monday, reaching €50.81 ($59.08). The company had a trading volume of 4,344,803 shares, compared to its average volume of 4,430,000. Daimler has a 1-year low of €59.01 ($68.62) and a 1-year high of €76.36 ($88.79).
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
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