Jefferies Financial Group Reiterates “€58.00” Price Target for Daimler (DAI)
Daimler (ETR:DAI) received a €58.00 ($67.44) price target from analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 12.86% from the stock’s previous close.
DAI has been the topic of several other reports. Morgan Stanley set a €70.00 ($81.40) price target on Daimler and gave the company a “neutral” rating in a research report on Tuesday, September 11th. Deutsche Bank set a €80.00 ($93.02) price target on Daimler and gave the company a “buy” rating in a research report on Friday, September 7th. Credit Suisse Group set a €77.00 ($89.53) price target on Daimler and gave the company a “neutral” rating in a research report on Wednesday, July 18th. Sanford C. Bernstein set a €73.00 ($84.88) price target on Daimler and gave the company a “neutral” rating in a research report on Monday, September 17th. Finally, Barclays set a €73.00 ($84.88) price target on Daimler and gave the company a “sell” rating in a research report on Thursday, July 19th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Daimler currently has a consensus rating of “Hold” and a consensus price target of €66.61 ($77.45).
Shares of DAI stock traded down €1.02 ($1.19) on Friday, hitting €51.39 ($59.76). 9,510,534 shares of the stock traded hands, compared to its average volume of 4,430,000. Daimler has a 1-year low of €59.01 ($68.62) and a 1-year high of €76.36 ($88.79).
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 segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
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