Daimler (DAI) PT Set at €67.00 by Royal Bank of Canada
Daimler (ETR:DAI) has been given a €67.00 ($77.91) price objective by investment analysts at Royal Bank of Canada in a research report issued on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 37.92% from the stock’s previous close.
DAI has been the topic of several other reports. Warburg Research set a €58.00 ($67.44) price target on Daimler and gave the company a “neutral” rating in a research report on Friday, April 26th. Sanford C. Bernstein set a €73.00 ($84.88) price target on Daimler and gave the company a “neutral” rating in a research report on Wednesday, February 6th. Credit Suisse Group set a €57.00 ($66.28) price target on Daimler and gave the company a “neutral” rating in a research report on Monday. Oddo Bhf set a €65.00 ($75.58) price target on Daimler and gave the company a “buy” rating in a research report on Monday, May 20th. Finally, Berenberg Bank set a €46.00 ($53.49) price target on Daimler and gave the company a “sell” rating in a research report on Monday, February 18th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of €58.67 ($68.23).
ETR:DAI opened at €48.58 ($56.49) on Monday. The firm has a market cap of $51.97 billion and a P/E ratio of 7.35. Daimler has a 1-year low of €44.51 ($51.76) and a 1-year high of €63.63 ($73.99). The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 228.26.
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 divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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