Volkswagen (ETR:VOW3) has been assigned a €170.00 ($197.67) price target by equities researchers at HSBC in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. HSBC’s price objective suggests a potential upside of 14.17% from the company’s previous close.
VOW3 has been the topic of several other reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Volkswagen in a report on Tuesday, August 28th. Deutsche Bank set a €210.00 ($244.19) price target on Volkswagen and gave the stock a “buy” rating in a report on Tuesday, November 6th. Credit Suisse Group set a €203.00 ($236.05) price target on Volkswagen and gave the stock a “buy” rating in a report on Tuesday, October 30th. Kepler Capital Markets set a €210.00 ($244.19) price target on Volkswagen and gave the stock a “buy” rating in a report on Monday, November 19th. Finally, Independent Research set a €161.00 ($187.21) price target on Volkswagen and gave the stock a “neutral” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of €192.56 ($223.91).
Shares of ETR VOW3 opened at €148.90 ($173.14) on Friday. Volkswagen has a fifty-two week low of €124.75 ($145.06) and a fifty-two week high of €192.30 ($223.60).
Volkswagen AG, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.
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