Nord/LB Reiterates €70.00 Price Target for Bayerische Motoren Werke (ETR:BMW)

Nord/LB set a €70.00 ($81.40) price objective on Bayerische Motoren Werke (ETR:BMW) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently commented on BMW. Oddo Bhf set a €72.00 ($83.72) target price on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a research report on Monday, May 20th. Citigroup set a €70.00 ($81.40) target price on shares of Bayerische Motoren Werke and gave the stock a sell rating in a research report on Thursday, May 9th. Deutsche Bank set a €80.00 ($93.02) target price on shares of Bayerische Motoren Werke and gave the stock a buy rating in a research report on Monday, July 8th. Barclays set a €94.00 ($109.30) target price on shares of Bayerische Motoren Werke and gave the stock a buy rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley set a €75.00 ($87.21) price target on shares of Bayerische Motoren Werke and gave the company a buy rating in a report on Tuesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Bayerische Motoren Werke has an average rating of Hold and an average target price of €76.50 ($88.95).

ETR BMW opened at €64.65 ($75.17) on Thursday. The stock’s fifty day moving average price is €65.90. Bayerische Motoren Werke has a 52 week low of €61.14 ($71.09) and a 52 week high of €86.74 ($100.86). The company has a current ratio of 1.15, a quick ratio of 0.81 and a debt-to-equity ratio of 191.23. The firm has a market capitalization of $38.92 billion and a PE ratio of 5.97.

Bayerische Motoren Werke Company Profile

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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Analyst Recommendations for Bayerische Motoren Werke (ETR:BMW)

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