Volkswagen AG Preference Shares (VOW3) PT Set at €185.00 by Commerzbank
Volkswagen AG Preference Shares (ETR:VOW3) has been assigned a €185.00 ($215.12) price target by research analysts at Commerzbank in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s price objective indicates a potential upside of 28.17% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Nord/LB set a €170.00 ($197.67) target price on Volkswagen AG Preference Shares and gave the company a “buy” rating in a report on Wednesday. Sanford C. Bernstein set a €220.00 ($255.81) price target on Volkswagen AG Preference Shares and gave the company a “buy” rating in a research report on Monday. Barclays set a €203.00 ($236.05) price target on Volkswagen AG Preference Shares and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Volkswagen AG Preference Shares in a research report on Tuesday, August 28th. Finally, Credit Suisse Group set a €205.00 ($238.37) price target on Volkswagen AG Preference Shares and gave the company a “buy” rating in a research report on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company. Volkswagen AG Preference Shares has an average rating of “Buy” and an average target price of €194.62 ($226.30).
Shares of VOW3 stock traded up €3.56 ($4.14) during trading hours on Friday, reaching €144.34 ($167.84). The company had a trading volume of 910,885 shares, compared to its average volume of 1,610,000. Volkswagen AG Preference Shares has a 12 month low of €124.75 ($145.06) and a 12 month high of €192.30 ($223.60).
Volkswagen Aktiengesellschaft, 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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