Goldman Sachs Group Reiterates €42.00 Price Target for Daimler (ETR:DAI)

Goldman Sachs Group set a €42.00 ($48.84) target price on Daimler (ETR:DAI) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other research firms have also recently issued reports on DAI. Jefferies Financial Group set a €50.00 ($58.14) target price on Daimler and gave the stock a neutral rating in a report on Tuesday, July 2nd. Nord/LB set a €50.00 ($58.14) target price on Daimler and gave the stock a neutral rating in a report on Monday, July 29th. Deutsche Bank set a €60.00 ($69.77) price objective on Daimler and gave the company a buy rating in a report on Thursday, July 25th. Morgan Stanley set a €62.00 ($72.09) price objective on Daimler and gave the company a buy rating in a report on Monday, September 16th. Finally, Barclays set a €57.00 ($66.28) price objective on Daimler and gave the company a neutral rating in a report on Wednesday, July 17th. 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 company’s stock. The stock has an average rating of Hold and an average target price of €54.63 ($63.52).

DAI stock opened at €47.35 ($55.05) on Wednesday. The stock has a 50-day moving average price of €44.11 and a two-hundred day moving average price of €49.64. The stock has a market cap of $50.65 billion and a PE ratio of 12.59. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 249.44. Daimler has a 1 year low of €40.31 ($46.87) and a 1 year high of €60.00 ($69.77).



About Daimler

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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