Volkswagen (ETR:VOW) Rating Reconfirmed
Norddeutsche Landesbank currently has a EUR 105.00 target price on the 47.73 billion EUR market cap company or 8.72% upside potential. In analysts report revealed to clients on Friday morning, Volkswagen (ETR:VOW) stock had its “Hold” Rating restate by stock analysts at Norddeutsche Landesbank.
ETR:VOW is at the moment trading 0.10% higher at EUR 105.05 as of 04:43 Frankfurt time. Volkswagen’s stock is down -41.06% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has decreased -3.31% over the same time.
Out of 5 brokers covering Volkswagen, 3 rate it a Buy, 2 indicate a Hold while 1 suggest a Sell. The highest target is EUR 240 and the lowest is EUR 100 according to Thomson/First Call. The 12-month mean target is EUR 168, which means upside potential of 59.92% over the current price.
Volkswagen (ETR:VOW) Profile
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
Volkswagen (ETR:VOW) traded up 0.10% on 2 October, hitting EUR 105.05. A total of 477,764 shares of the company’s stock traded hands. This is up from average of 434,256 shares. Volkswagen has a 52 week low of EUR 102.28 and a 52 week high of EUR 254.00. The company has a market cap of 47.73 billion EUR and a P/E ratio of 4.86.
