Volkswagen (VOW3) Given a €202.00 Price Target by Royal Bank of Canada Analysts
Volkswagen (ETR:VOW3) has been given a €202.00 ($234.88) target price by equities researchers at Royal Bank of Canada in a research note issued on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 44.22% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Warburg Research set a €200.00 ($232.56) target price on shares of Volkswagen and gave the stock a “buy” rating in a research note on Thursday, March 14th. Kepler Capital Markets set a €191.00 ($222.09) price objective on shares of Volkswagen and gave the company a “buy” rating in a report on Thursday, March 28th. Sanford C. Bernstein set a €220.00 ($255.81) price objective on shares of Volkswagen and gave the company a “buy” rating in a report on Wednesday, April 24th. Nord/LB set a €170.00 ($197.67) price objective on shares of Volkswagen and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Jefferies Financial Group set a €160.00 ($186.05) price objective on shares of Volkswagen and gave the company a “neutral” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of €185.84 ($216.09).
ETR VOW3 traded up €0.56 ($0.65) on Monday, hitting €140.06 ($162.86). The stock had a trading volume of 801,060 shares, compared to its average volume of 1,610,000. Volkswagen has a 52-week low of €131.44 ($152.84) and a 52-week high of €166.08 ($193.12). The company has a debt-to-equity ratio of 164.02, a current ratio of 1.11 and a quick ratio of 0.82. The stock has a market capitalization of $28.88 billion and a PE ratio of 6.10.
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in 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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