Volkswagen (VOW3) Given a €220.00 Price Target by Sanford C. Bernstein Analysts
Volkswagen (ETR:VOW3) has been assigned a €220.00 ($255.81) price target by investment analysts at Sanford C. Bernstein in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 54.93% from the stock’s previous close.
VOW3 has been the topic of a number of other reports. Deutsche Bank set a €210.00 ($244.19) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Monday, February 18th. Jefferies Financial Group set a €180.00 ($209.30) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday, March 12th. DZ Bank reissued a “sell” rating on shares of Volkswagen in a research note on Monday, February 25th. Credit Suisse Group set a €201.00 ($233.72) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, UBS Group set a €200.00 ($232.56) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. Volkswagen currently has a consensus rating of “Buy” and an average target price of €185.50 ($215.70).
Shares of ETR:VOW3 opened at €142.00 ($165.12) on Wednesday. The company has a market capitalization of $29.28 billion and a P/E ratio of 6.18. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of 164.02. Volkswagen has a 1 year low of €131.44 ($152.84) and a 1 year high of €176.60 ($205.35).
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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