Royal Bank of Canada set a €76.00 ($88.37) price objective on Bayerische Motoren Werke (ETR:BMW) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other analysts also recently issued reports on BMW. Nord/LB set a €90.00 ($104.65) price target on Henkel AG & Co KGaA and gave the stock a neutral rating in a report on Tuesday, May 7th. Independent Research set a €96.00 ($111.63) price target on MorphoSys and gave the stock a neutral rating in a report on Wednesday, June 26th. Jefferies Financial Group reaffirmed a buy rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. Morgan Stanley reaffirmed an underweight rating and set a C$18.00 target price on shares of WestJet Airlines in a research note on Friday, April 5th. Finally, Bank of America set a €155.00 ($180.23) target price on Continental and gave the company a buy rating in a research note on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €76.79 ($89.29).
Shares of ETR BMW opened at €66.57 ($77.41) on Wednesday. The company has a market cap of $40.07 billion and a P/E ratio of 6.15. Bayerische Motoren Werke has a 12-month low of €61.14 ($71.09) and a 12-month high of €86.74 ($100.86). The company has a current ratio of 1.15, a quick ratio of 0.81 and a debt-to-equity ratio of 191.23. The business has a 50 day moving average of €64.41.
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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