Jefferies Financial Group Reiterates “€53.00” Price Target for Daimler (ETR:DAI)
Daimler (ETR:DAI) has been given a €53.00 ($62.35) price target by equities research analysts at Jefferies Financial Group in a research note issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 7.29% from the stock’s previous close.
Several other equities analysts also recently weighed in on DAI. Sanford C. Bernstein set a €60.00 ($70.59) target price on Daimler and gave the company a “buy” rating in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a €60.00 ($70.59) target price on Daimler and gave the company a “buy” rating in a research report on Friday, October 9th. Royal Bank of Canada set a €59.00 ($69.41) target price on Daimler and gave the company a “buy” rating in a research report on Wednesday. Kepler Capital Markets set a €44.00 ($51.76) target price on Daimler and gave the company a “neutral” rating in a research report on Friday, August 14th. Finally, Morgan Stanley set a €48.00 ($56.47) target price on Daimler and gave the company a “buy” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of €49.28 ($57.97).
Shares of DAI stock opened at €49.40 ($58.12) on Friday. The company has a market capitalization of $52.85 billion and a P/E ratio of -177.06. The business’s 50 day moving average is €45.51 and its two-hundred day moving average is €37.40. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 267.75. Daimler has a 12-month low of €21.02 ($24.72) and a 12-month high of €54.50 ($64.12).
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 divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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