Goldman Sachs Group set a €42.00 ($48.84) target price on Daimler (ETR:DAI) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other research firms also recently weighed in on DAI. JPMorgan Chase & Co. reiterated a buy rating and set a $69.00 target price on shares of Daimler in a research report on Friday, July 12th. Bank of America set a €155.00 ($180.23) target price on Continental and gave the company a buy rating in a research report on Tuesday, May 14th. Nord/LB set a €48.00 ($55.81) target price on Daimler and gave the company a neutral rating in a research report on Monday, June 24th. Warburg Research set a €54.00 ($62.79) target price on Daimler and gave the company a neutral rating in a research report on Monday, June 24th. Finally, Barclays upgraded WPP from an equal weight rating to an overweight rating in a research report on Monday, April 29th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of €55.58 ($64.63).
Shares of ETR DAI opened at €45.44 ($52.84) on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 228.26. The firm has a fifty day moving average price of €47.83. Daimler has a one year low of €44.51 ($51.76) and a one year high of €60.00 ($69.77). The firm has a market cap of $48.61 billion and a price-to-earnings ratio of 6.87.
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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