Morgan Stanley set a €62.00 ($72.09) target price on Daimler (ETR:DAI) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Barclays set a €57.00 ($66.28) target price on Daimler and gave the stock a neutral rating in a report on Wednesday, July 17th. Warburg Research set a €54.00 ($62.79) target price on Daimler and gave the stock a neutral rating in a report on Wednesday, July 24th. Kepler Capital Markets set a €49.00 ($56.98) target price on Daimler and gave the stock a buy rating in a report on Friday, August 30th. Goldman Sachs Group set a €42.00 ($48.84) target price on Daimler and gave the stock a sell rating in a report on Wednesday, July 24th. Finally, Nord/LB set a €50.00 ($58.14) price objective on Daimler and gave the stock a neutral rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of €54.63 ($63.52).
Shares of DAI stock opened at €47.76 ($55.53) on Monday. Daimler has a 12-month low of €40.31 ($46.87) and a 12-month high of €60.00 ($69.77). The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 249.44. The stock’s 50-day moving average price is €43.98 and its 200-day moving average price is €49.80. The stock has a market capitalization of $51.09 billion and a price-to-earnings ratio of 12.70.
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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