Bayerische Motoren Werke (ETR:BMW) received a €76.00 ($88.37) price objective from analysts at UBS Group in a research report issued on Tuesday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 4.96% from the stock’s previous close.
Several other brokerages also recently issued reports on BMW. Morgan Stanley set a €90.00 ($104.65) price target on Bayerische Motoren Werke and gave the stock a “neutral” rating in a report on Friday, August 10th. Credit Suisse Group set a €116.00 ($134.88) price target on Bayerische Motoren Werke and gave the stock a “buy” rating in a report on Tuesday, August 28th. Sanford C. Bernstein set a €85.00 ($98.84) price target on Bayerische Motoren Werke and gave the stock a “neutral” rating in a report on Thursday, August 9th. Societe Generale set a €92.00 ($106.98) price target on Bayerische Motoren Werke and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Kepler Capital Markets set a €77.00 ($89.53) price target on Bayerische Motoren Werke and gave the stock a “sell” rating in a report on Thursday, September 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Bayerische Motoren Werke has a consensus rating of “Hold” and an average target price of €87.91 ($102.22).
Shares of Bayerische Motoren Werke stock opened at €72.41 ($84.20) on Tuesday. Bayerische Motoren Werke has a 12-month low of €77.07 ($89.62) and a 12-month high of €97.04 ($112.84).
About Bayerische Motoren Werke
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.
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