Deutsche Bank set a €60.00 ($69.77) price target on Daimler (ETR:DAI) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently commented on the stock. Bank of America set a €155.00 ($180.23) price objective on shares of Continental and gave the company a buy rating in a research note on Tuesday, May 14th. Barclays raised shares of WPP from an equal weight rating to an overweight rating in a research note on Monday, April 29th. DZ Bank reaffirmed a hold rating on shares of Continental in a research note on Friday, June 28th. Sanford C. Bernstein set a €220.00 ($255.81) price objective on shares of Volkswagen and gave the company a buy rating in a research note on Friday, June 21st. Finally, UBS Group reaffirmed a hold rating on shares of Daimler in a research note on Wednesday, May 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €56.70 ($65.93).
ETR:DAI traded down €0.37 ($0.43) during mid-day trading on Monday, hitting €46.65 ($54.24). 3,153,318 shares of the stock traded hands, compared to its average volume of 4,430,000. The firm’s 50-day moving average is €48.12. The company has a market cap of $49.91 billion and a P/E ratio of 7.06. Daimler has a 12-month low of €44.51 ($51.76) and a 12-month high of €60.00 ($69.77). The company has a debt-to-equity ratio of 228.26, a quick ratio of 0.85 and a current ratio of 1.23.
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 divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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