Bayerische Motoren Werke (ETR:BMW) has been given a €85.00 ($101.19) price objective by Sanford C. Bernstein in a research note issued to investors on Tuesday, December 26th. The firm presently has a “neutral” rating on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 5.36% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Goldman Sachs Group set a €86.00 ($102.38) price objective on shares of Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Deutsche Bank set a €120.00 ($142.86) target price on shares of Bayerische Motoren Werke and gave the company a “buy” rating in a research report on Thursday, August 31st. JPMorgan Chase & Co. set a €90.00 ($107.14) target price on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a research report on Monday, September 11th. UBS Group set a €85.00 ($101.19) target price on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Finally, Barclays set a €110.00 ($130.95) target price on shares of Bayerische Motoren Werke and gave the company a “buy” rating in a research report on Monday, December 4th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €94.04 ($111.95).
Shares of Bayerische Motoren Werke (ETR:BMW) traded up €1.12 ($1.33) during mid-day trading on Tuesday, reaching €89.81 ($106.92). 1,690,000 shares of the company’s stock were exchanged, compared to its average volume of 1,540,000. Bayerische Motoren Werke has a twelve month low of €77.07 ($91.75) and a twelve month high of €91.06 ($108.40). The company has a market cap of $58,310.00 and a P/E ratio of 7.79.
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About Bayerische Motoren Werke
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
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