Brokerages Set Volkswagen AG (VLKAY) Target Price at $36.00
Shares of Volkswagen AG (OTCMKTS:VLKAY) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $36.00.
Separately, ValuEngine cut shares of Volkswagen AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th.
Shares of Volkswagen AG (VLKAY) traded down 1.76% during midday trading on Wednesday, hitting $33.96. 230,228 shares of the company were exchanged. The company has a 50-day moving average of $31.59 and a 200 day moving average of $31.38. Volkswagen AG has a one year low of $27.00 and a one year high of $34.59. The company has a market capitalization of $85.12 billion, a P/E ratio of 8.68 and a beta of 1.52.
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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