Analysts Set Volkswagen AG (OTCMKTS:VLKAY) Target Price at $36.00
Volkswagen AG (OTCMKTS:VLKAY) has been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.00.
VLKAY has been the subject of a number of recent research reports. Jefferies Group LLC raised shares of Volkswagen AG from an “underperform” rating to a “buy” rating in a research report on Wednesday, April 19th. ValuEngine raised shares of Volkswagen AG from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th.
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Shares of Volkswagen AG (VLKAY) traded down 0.5021% during mid-day trading on Tuesday, reaching $31.0125. 66,255 shares of the company’s stock were exchanged. The company has a market capitalization of $77.73 billion, a PE ratio of 8.1953 and a beta of 1.52. Volkswagen AG has a one year low of $27.00 and a one year high of $34.12. The company’s 50-day moving average price is $31.80 and its 200-day moving average price is $31.39.
About Volkswagen AG
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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