Volkswagen (VOW3) Given a €163.00 Price Target at Independent Research
Independent Research set a €163.00 ($189.53) price target on Volkswagen (ETR:VOW3) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages also recently commented on VOW3. Credit Suisse Group set a €201.00 ($233.72) price objective on shares of Volkswagen and gave the company a buy rating in a research report on Monday, March 4th. Deutsche Bank set a €210.00 ($244.19) price objective on shares of Volkswagen and gave the company a buy rating in a research report on Friday. Sanford C. Bernstein set a €220.00 ($255.81) price objective on shares of Volkswagen and gave the company a buy rating in a research report on Thursday, February 28th. UBS Group set a €210.00 ($244.19) target price on shares of Volkswagen and gave the stock a buy rating in a research note on Monday, February 25th. Finally, Warburg Research set a €200.00 ($232.56) target price on shares of Volkswagen and gave the stock a buy rating in a research note on Monday, February 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. Volkswagen has a consensus rating of Buy and an average price target of €187.08 ($217.54).
Shares of VOW3 opened at €156.50 ($181.98) on Monday. Volkswagen has a one year low of €131.44 ($152.84) and a one year high of €178.60 ($207.67). The stock has a market capitalization of $32.12 billion and a PE ratio of 6.63. The company has a quick ratio of 0.78, a current ratio of 1.09 and a debt-to-equity ratio of 162.67.
Volkswagen AG, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.
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