Sanford C. Bernstein Reaffirms “Buy” Rating for Volkswagen (VOW3)
A number of other analysts have also weighed in on VOW3. BNP Paribas set a €214.00 ($248.84) price objective on Volkswagen and gave the company a buy rating in a research note on Thursday, May 31st. Jefferies Financial Group restated a buy rating on shares of Volkswagen in a report on Thursday, May 31st. Barclays set a €210.00 ($244.19) target price on Volkswagen and gave the company a buy rating in a report on Monday, June 4th. JPMorgan Chase & Co. set a €213.00 ($247.67) target price on Volkswagen and gave the company a buy rating in a report on Wednesday, June 6th. Finally, Morgan Stanley set a €160.00 ($186.05) target price on Volkswagen and gave the company a neutral rating in a report on Friday, June 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of €194.54 ($226.21).
ETR:VOW3 opened at €154.38 ($179.51) on Friday. Volkswagen has a fifty-two week low of €124.75 ($145.06) and a fifty-two week high of €192.30 ($223.60).
Volkswagen AG, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.
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