Volkswagen Group (ETR:VOW3) received a €160.00 ($197.53) price target from stock analysts at Morgan Stanley in a research report issued on Wednesday, March 14th. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 3.03% from the company’s current price.
VOW3 has been the subject of several other reports. Nord/LB set a €189.00 ($233.33) price target on Volkswagen Group and gave the company a “buy” rating in a research report on Friday, February 23rd. Goldman Sachs set a €210.00 ($259.26) price objective on Volkswagen Group and gave the company a “buy” rating in a research note on Tuesday, November 21st. Sanford C. Bernstein set a €220.00 ($271.60) price objective on Volkswagen Group and gave the company a “buy” rating in a research note on Tuesday, March 13th. Independent Research set a €183.00 ($225.93) price objective on Volkswagen Group and gave the company a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Kepler Capital Markets set a €220.00 ($271.60) price objective on Volkswagen Group and gave the company a “buy” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €191.64 ($236.59).
ETR VOW3 traded down €2.12 ($2.62) during trading hours on Wednesday, hitting €165.00 ($203.70). 1,093,634 shares of the company traded hands, compared to its average volume of 1,610,000. Volkswagen Group has a twelve month low of €124.75 ($154.01) and a twelve month high of €192.30 ($237.41).
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About Volkswagen Group
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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