Deutsche Bank Reiterates €60.00 Price Target for Daimler (ETR:DAI)

Deutsche Bank set a €60.00 ($69.77) target price on Daimler (ETR:DAI) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Kepler Capital Markets restated a hold rating on shares of Continental in a report on Friday, June 28th. JPMorgan Chase & Co. restated a buy rating on shares of SS&C Technologies in a report on Monday, July 1st. Oddo Bhf set a GBX 1,170 ($15.29) price objective on shares of easyJet and gave the stock a neutral rating in a report on Monday, May 20th. Jefferies Financial Group restated a buy rating on shares of Extended Stay America in a report on Tuesday, July 2nd. Finally, DZ Bank restated a hold rating on shares of Continental in a report on Friday, June 28th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of €56.70 ($65.93).

Shares of DAI stock opened at €46.21 ($53.73) on Monday. The business has a 50 day moving average of €48.03. The company has a debt-to-equity ratio of 228.26, a quick ratio of 0.85 and a current ratio of 1.23. Daimler has a one year low of €44.51 ($51.76) and a one year high of €60.00 ($69.77). The firm has a market cap of $49.02 billion and a price-to-earnings ratio of 6.99.

About Daimler

Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.

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