Volkswagen (ETR:VOW) Rating Reconfirmed
They currently have a EUR 90.00 TP on Volkswagen (ETR:VOW). Norddeutsche Landesbank’s target would suggest a potential downside of -5.16 % from the company’s previous stock close. This was revealed in analysts note on 12 February.
ETR:VOW is right now trading 1.51% higher at EUR 110.60 as of 16:32 Frankfurt time. Volkswagen’s stock is down -50.92% over the last 200 days. It has underperformed the S&P500, which has decreased -11.49% over the same time period.
Out of 5 brokers covering Volkswagen, 2 rate it a Buy, 3 indicate a Hold while 1 suggest a Sell. The highest target is EUR 183.27 and the lowest is EUR 104.57 according to Thomson/First Call. The 12-month mean target is EUR 144.15, which means upside potential of 30.33% over the current price.
ETR:VOW Price Chart & Trend
The stock price of Volkswagen declined 50.92% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Volkswagen is down 19.45% and down 4.28%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Volkswagen (ETR:VOW) Profile
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular Passenger Cars and Light Commercial Vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
Volkswagen (ETR:VOW) traded up 1.51% on 12 February, hitting EUR 110.6. A total of 116,183 shares of the company’s stock traded hands. This is down from average of 156,292 shares. Volkswagen has a 52 week low of EUR 95.07 and a 52 week high of EUR 254. The company has a market cap of 52.59B EUR and a P/E ratio of 8.98.
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The post Norddeutsche Landesbank Kept Volkswagen (ETR:VOW) As “Hold”; Has Target Price per Share Of EUR 90.00 appeared first on Octafinance.