Volkswagen (ETR:VOW3) has been assigned a €250.00 ($297.62) price objective by equities researchers at Goldman Sachs Group in a report issued on Wednesday, December 20th. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 39.03% from the company’s current price.
VOW3 has been the subject of a number of other reports. DZ Bank restated a “sell” rating on shares of Volkswagen in a report on Tuesday, August 22nd. JPMorgan Chase & Co. set a €213.00 ($253.57) price objective on shares of Volkswagen and gave the stock a “buy” rating in a report on Thursday, August 31st. Sanford C. Bernstein set a €150.00 ($178.57) target price on shares of Volkswagen and gave the stock a “neutral” rating in a research report on Monday, September 4th. UBS Group set a €210.00 ($250.00) target price on shares of Volkswagen and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Morgan Stanley set a €135.00 ($160.71) price objective on shares of Volkswagen and gave the company a “neutral” rating in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. Volkswagen presently has an average rating of “Buy” and an average price target of €186.87 ($222.46).
Volkswagen (ETR VOW3) traded up €2.02 ($2.40) during mid-day trading on Wednesday, hitting €179.82 ($214.07). 983,517 shares of the stock traded hands, compared to its average volume of 1,150,000. Volkswagen has a 1 year low of €124.75 ($148.51) and a 1 year high of €181.32 ($215.86). The stock has a market capitalization of $90,200.00 and a price-to-earnings ratio of 12.98.
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Volkswagen Company Profile
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 genuine parts.
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