Bayerische Motoren Werke (ETR:BMW) has been given a €65.00 ($75.58) target price by Sanford C. Bernstein in a report released on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price suggests a potential downside of 8.87% from the company’s current price.
A number of other brokerages have also weighed in on BMW. Independent Research set a €75.00 ($87.21) target price on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a research report on Tuesday. Bank of America set a €72.00 ($83.72) price target on shares of Bayerische Motoren Werke and gave the stock a “neutral” rating in a report on Tuesday, October 15th. Warburg Research set a €83.00 ($96.51) price target on shares of Bayerische Motoren Werke and gave the stock a “buy” rating in a report on Friday, November 22nd. Barclays set a €90.00 ($104.65) price target on shares of Bayerische Motoren Werke and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Deutsche Bank set a €90.00 ($104.65) price target on shares of Bayerische Motoren Werke and gave the stock a “buy” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of €74.55 ($86.69).
Shares of Bayerische Motoren Werke stock opened at €71.33 ($82.94) on Friday. Bayerische Motoren Werke has a fifty-two week low of €58.04 ($67.49) and a fifty-two week high of €78.30 ($91.05). The company has a debt-to-equity ratio of 200.29, a current ratio of 1.14 and a quick ratio of 0.80. The firm has a market capitalization of $42.84 billion and a P/E ratio of 6.59. The company’s 50 day moving average price is €73.76 and its two-hundred day moving average price is €68.00.
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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