Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 12-Month High – Should You Buy?

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$17.99 and last traded at C$17.93, with a volume of 20527 shares changing hands. The stock had previously closed at C$17.80.

Analyst Ratings Changes

Several research firms recently weighed in on MBGYY. The Goldman Sachs Group upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Royal Bank Of Canada lowered Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Stock Up 0.6%

The stock has a market cap of C$68.98 billion, a P/E ratio of 5.69 and a beta of 0.83. The firm has a 50 day simple moving average of C$16.37 and a two-hundred day simple moving average of C$15.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$37.58 billion for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.59%. Equities research analysts predict that Mercedes-Benz Group AG will post 2.26 earnings per share for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.