BMW (ETR:BMW) received a €85.00 ($104.94) price objective from investment analysts at Sanford C. Bernstein in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Sanford C. Bernstein’s price target indicates a potential downside of 1.30% from the company’s current price.
Several other brokerages have also recently weighed in on BMW. Independent Research set a €95.00 ($117.28) price target on shares of BMW and gave the stock a “neutral” rating in a research report on Friday, January 19th. Kepler Capital Markets set a €77.00 ($95.06) price target on shares of BMW and gave the stock a “sell” rating in a research report on Tuesday, January 23rd. HSBC set a €82.00 ($101.23) price target on shares of BMW and gave the stock a “neutral” rating in a research report on Thursday, December 14th. BNP Paribas set a €110.00 ($135.80) price target on shares of BMW and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Barclays set a €110.00 ($135.80) price target on shares of BMW and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. BMW has an average rating of “Hold” and an average price target of €95.71 ($118.16).
Shares of BMW stock traded up €0.13 ($0.16) on Wednesday, hitting €86.12 ($106.32). 989,866 shares of the stock traded hands, compared to its average volume of 2,050,000. BMW has a 52-week low of €77.07 ($95.15) and a 52-week high of €97.04 ($119.80). The stock has a market cap of $55,750.00 and a PE ratio of 7.47.
ILLEGAL ACTIVITY WARNING: “BMW (BMW) PT Set at €85.00 by Sanford C. Bernstein” was published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2018/03/21/bmw-bmw-pt-set-at-85-00-by-sanford-c-bernstein.html.
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
Receive News & Ratings for BMW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMW and related companies with MarketBeat.com's FREE daily email newsletter.