UBS Group Reiterates €85.00 Price Target for Bayerische Motoren Werke (BMW)
Bayerische Motoren Werke (ETR:BMW) has been assigned a €85.00 ($98.84) price objective by investment analysts at UBS Group in a research note issued on Tuesday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 7.55% from the company’s current price.
BMW has been the subject of several other reports. Sanford C. Bernstein set a €85.00 ($98.84) target price on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a report on Thursday, July 12th. Morgan Stanley set a €90.00 ($104.65) target price on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a report on Friday, June 8th. Kepler Capital Markets set a €77.00 ($89.53) target price on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a report on Monday, June 25th. HSBC set a €89.00 ($103.49) target price on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a report on Wednesday, June 13th. Finally, Deutsche Bank set a €120.00 ($139.53) target price on shares of Bayerische Motoren Werke and gave the company a “buy” rating in a report on Wednesday, July 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €91.86 ($106.82).
ETR:BMW opened at €79.03 ($91.90) on Tuesday. Bayerische Motoren Werke has a twelve month low of €77.07 ($89.62) and a twelve month high of €97.04 ($112.84).
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles 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 automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.
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