Bayerische Motoren Werke (ETR:BMW) PT Set at €93.00 by Credit Suisse Group

Bayerische Motoren Werke (ETR:BMW) has been assigned a €93.00 ($108.14) target price by investment analysts at Credit Suisse Group in a note issued to investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 24.98% from the stock’s previous close.

Several other research analysts have also recently issued reports on BMW. Goldman Sachs Group set a €65.00 ($75.58) price objective on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America set a €72.00 ($83.72) price objective on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Deutsche Bank set a €80.00 ($93.02) price objective on Bayerische Motoren Werke and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley set a €75.00 ($87.21) price objective on Bayerische Motoren Werke and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group set a €62.00 ($72.09) price objective on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €73.67 ($85.66).

Shares of ETR:BMW traded up €0.90 ($1.05) on Thursday, hitting €74.41 ($86.52). 1,470,630 shares of the company’s stock were exchanged, compared to its average volume of 2,050,000. The firm’s 50-day moving average is €66.26 and its 200 day moving average is €66.06. The company has a market capitalization of $44.81 billion and a PE ratio of 10.16. Bayerische Motoren Werke has a 1-year low of €58.04 ($67.49) and a 1-year high of €78.30 ($91.05). The company has a debt-to-equity ratio of 195.12, a quick ratio of 0.80 and a current ratio of 1.15.

About Bayerische Motoren Werke

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles 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 automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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Analyst Recommendations for Bayerische Motoren Werke (ETR:BMW)

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