Volkswagen (ETR:VOW3) has been assigned a €160.00 ($186.05) price objective by investment analysts at Morgan Stanley in a research report issued on Monday, November 12th. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 11.51% from the company’s current price.
A number of other brokerages have also issued reports on VOW3. Independent Research set a €167.00 ($194.19) price target on shares of Volkswagen and gave the company a “neutral” rating in a research note on Friday, September 21st. BNP Paribas set a €196.00 ($227.91) price target on shares of Volkswagen and gave the company a “buy” rating in a research note on Tuesday, October 16th. Barclays set a €206.00 ($239.53) price target on shares of Volkswagen and gave the company a “buy” rating in a research note on Friday, November 9th. Kepler Capital Markets set a €222.00 ($258.14) price target on shares of Volkswagen and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Commerzbank set a €185.00 ($215.12) price objective on shares of Volkswagen and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Volkswagen has an average rating of “Buy” and an average price target of €192.56 ($223.91).
Shares of VOW3 traded up €0.48 ($0.56) during mid-day trading on Monday, hitting €143.48 ($166.84). The company’s stock had a trading volume of 1,204,409 shares, compared to its average volume of 1,610,000. Volkswagen has a 52-week low of €124.75 ($145.06) and a 52-week high of €192.30 ($223.60).
Volkswagen Company Profile
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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