Daimler (ETR:DAI) has been assigned a €45.00 ($52.33) price target by investment analysts at HSBC in a report issued on Friday. The brokerage currently has a “sell” rating on the stock. HSBC’s price objective indicates a potential downside of 9.45% from the company’s current price.
A number of other analysts have also recently issued reports on DAI. Independent Research set a €62.00 ($72.09) price objective on Daimler and gave the stock a “neutral” rating in a report on Thursday, September 27th. Sanford C. Bernstein set a €73.00 ($84.88) price objective on Daimler and gave the stock a “neutral” rating in a report on Wednesday, October 17th. Deutsche Bank set a €80.00 ($93.02) price objective on Daimler and gave the stock a “buy” rating in a report on Wednesday, November 14th. JPMorgan Chase & Co. set a €76.00 ($88.37) price objective on Daimler and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, BNP Paribas set a €62.00 ($72.09) price objective on Daimler and gave the stock a “neutral” rating in a report on Tuesday, October 16th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €63.00 ($73.26).
Shares of DAI opened at €49.70 ($57.78) on Friday. Daimler has a 52-week low of €59.01 ($68.62) and a 52-week high of €76.36 ($88.79).
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 segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
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