Volkswagen (ETR:VOW3) Given a €176.00 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a €176.00 ($204.65) target price on Volkswagen (ETR:VOW3) in a report issued on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on VOW3. Kepler Capital Markets set a €195.00 ($226.74) price objective on Volkswagen and gave the stock a buy rating in a research note on Thursday, September 12th. Royal Bank of Canada set a €210.00 ($244.19) price objective on Volkswagen and gave the stock a buy rating in a research note on Wednesday, September 25th. Barclays set a €195.00 ($226.74) price objective on Volkswagen and gave the stock a buy rating in a research note on Thursday, September 12th. DZ Bank reaffirmed a sell rating on shares of Volkswagen in a research note on Monday, September 9th. Finally, Sanford C. Bernstein set a €180.00 ($209.30) price objective on Volkswagen and gave the stock a buy rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of €182.58 ($212.31).

Shares of ETR VOW3 traded down €1.32 ($1.53) during midday trading on Thursday, hitting €147.82 ($171.88). The stock had a trading volume of 1,124,048 shares, compared to its average volume of 1,610,000. The company’s 50-day simple moving average is €149.65 and its 200 day simple moving average is €148.92. The firm has a market cap of $30.48 billion and a P/E ratio of 6.05. Volkswagen has a fifty-two week low of €131.44 ($152.84) and a fifty-two week high of €163.98 ($190.67). The company has a debt-to-equity ratio of 167.78, a current ratio of 1.15 and a quick ratio of 0.85.

About Volkswagen

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.

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Analyst Recommendations for Volkswagen (ETR:VOW3)

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