Peugeot (UG) Given a €16.00 Price Target at Morgan Stanley
Peugeot (EPA:UG) received a €16.00 ($19.75) price target from equities research analysts at Morgan Stanley in a note issued to investors on Tuesday. The firm currently has a “sell” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 16.45% from the stock’s current price.
Several other research analysts also recently commented on the stock. Deutsche Bank set a €24.00 ($29.63) target price on shares of Peugeot and gave the stock a “buy” rating in a report on Wednesday, December 27th. JPMorgan Chase set a €25.00 ($30.86) target price on shares of Peugeot and gave the stock a “buy” rating in a report on Friday, January 5th. Citigroup set a €14.50 ($17.90) target price on shares of Peugeot and gave the stock a “sell” rating in a report on Monday, January 15th. Berenberg Bank set a €13.60 ($16.79) target price on shares of Peugeot and gave the stock a “sell” rating in a report on Friday, March 2nd. Finally, Credit Suisse Group set a €20.30 ($25.06) target price on shares of Peugeot and gave the stock a “neutral” rating in a report on Thursday, December 28th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Peugeot currently has a consensus rating of “Hold” and a consensus price target of €20.73 ($25.59).
UG traded up €0.10 ($0.12) during trading on Tuesday, hitting €19.15 ($23.64). The stock had a trading volume of 1,070,000 shares, compared to its average volume of 3,640,000. Peugeot has a 12 month low of €16.45 ($20.31) and a 12 month high of €21.01 ($25.94).
Peugeot SA engages in automotive, automotive equipment, and finance businesses in Europe, Eurasia, China and South-Asia, India Pacific, Latin America, the Middle East, Africa, and North America. The company's Automotive segment designs, manufactures, and sells passenger cars and light commercial vehicles under the Peugeot, Citroën, Opel, Vauxhall, and DS brands.
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