Brokerages Set Volkswagen AG (ETR:VOW3) Price Target at €254.00

Shares of Volkswagen AG (ETR:VOW3) have earned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is €254.67 ($299.61).

A number of equities analysts have issued reports on VOW3 shares. Deutsche Bank Aktiengesellschaft set a €270.00 ($317.65) target price on Volkswagen and gave the stock a “buy” rating in a report on Monday, April 26th. Warburg Research set a €280.00 ($329.41) target price on Volkswagen and gave the stock a “buy” rating in a report on Thursday, May 6th. Jefferies Financial Group set a €295.00 ($347.06) price objective on Volkswagen and gave the company a “buy” rating in a report on Thursday, May 6th. Nord/LB set a €280.00 ($329.41) price objective on Volkswagen and gave the company a “buy” rating in a report on Friday. Finally, Independent Research set a €272.00 ($320.00) price objective on Volkswagen and gave the company a “buy” rating in a report on Monday, April 19th.

VOW3 stock traded down €0.95 ($1.12) during trading hours on Tuesday, reaching €230.05 ($270.65). 874,982 shares of the stock were exchanged, compared to its average volume of 1,610,000. The firm’s 50-day simple moving average is €226.33. The company has a market cap of $47.44 billion and a P/E ratio of 10.32. The company has a debt-to-equity ratio of 152.94, a quick ratio of 0.81 and a current ratio of 1.20. Volkswagen has a 12 month low of €122.96 ($144.66) and a 12 month high of €252.20 ($296.71).

About Volkswagen

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles and engines, and light commercial vehicles; and produces and sells passenger cars and related parts.

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Analyst Recommendations for Volkswagen (ETR:VOW3)

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