Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 12-Month High – Here’s What Happened

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$17.51 and last traded at C$17.44, with a volume of 36724 shares changing hands. The stock had previously closed at C$16.78.

Wall Street Analysts Forecast Growth

MBGYY has been the subject of several recent analyst reports. Royal Bank Of Canada lowered shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Finally, DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Stock Performance

The company has a market capitalization of C$67.56 billion, a PE ratio of 5.57 and a beta of 0.83. The firm’s 50-day simple moving average is C$16.15 and its 200-day simple moving average is C$15.39. The company has a current ratio of 1.32, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 EPS for the quarter. Mercedes-Benz Group had a return on equity of 6.69% and a net margin of 4.51%.The firm had revenue of C$37.58 billion for the quarter. On average, research analysts predict that Mercedes-Benz Group AG will post 2.26 earnings per share for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.