Royal Bank of Canada set a €67.00 ($77.91) price objective on Daimler (ETR:DAI) in a research note released on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts also recently weighed in on the stock. Sanford C. Bernstein set a €75.00 ($87.21) price target on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a research report on Wednesday, July 10th. Barclays upgraded shares of WPP from an equal weight rating to an overweight rating in a research report on Monday, April 29th. Bank of America set a €155.00 ($180.23) price target on shares of Continental and gave the stock a buy rating in a research report on Tuesday, May 14th. Credit Suisse Group decreased their price target on shares of FOX from $51.00 to $45.00 and set an outperform rating on the stock in a research report on Monday, June 3rd. Finally, HSBC downgraded shares of China Mobile from a buy rating to a hold rating in a research report on Thursday, March 21st. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €56.57 ($65.77).
DAI opened at €46.52 ($54.09) on Friday. The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 228.26. Daimler has a 1-year low of €44.51 ($51.76) and a 1-year high of €60.00 ($69.77). The company has a market capitalization of $49.77 billion and a P/E ratio of 7.04. The stock has a 50 day simple moving average of €47.95.
Daimler Company Profile
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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