VTG AG (VT9) Given Consensus Recommendation of “Buy” by Brokerages
Shares of VTG AG (ETR:VT9) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is €56.75 ($65.99).
Several analysts recently weighed in on VT9 shares. Nord/LB set a €61.00 ($70.93) price target on VTG and gave the company a “buy” rating in a report on Tuesday, October 9th. Baader Bank set a €62.00 ($72.09) price objective on VTG and gave the company a “buy” rating in a research report on Friday, November 9th. Kepler Capital Markets set a €57.00 ($66.28) price objective on VTG and gave the company a “buy” rating in a research report on Tuesday, November 13th. Commerzbank set a €53.00 ($61.63) price objective on VTG and gave the company a “neutral” rating in a research report on Wednesday, November 14th. Finally, Berenberg Bank set a €53.00 ($61.63) price objective on VTG and gave the company a “neutral” rating in a research report on Wednesday, November 14th.
ETR:VT9 opened at €49.45 ($57.50) on Tuesday. VTG has a fifty-two week low of €29.05 ($33.78) and a fifty-two week high of €50.70 ($58.95).
VTG Aktiengesellschaft, together with its subsidiaries, operates as a wagon hire and rail logistics company worldwide. It operates through three segments: Railcar, Rail Logistics, and Tank Container Logistics. The Railcar segment hires out its rail freight wagons in its own fleet; provides management and technical support services to external wagon fleets, as well as maintenance services for rail freight cars and their components; and manufactures tank wagons.
Further Reading: LIBOR
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