Goldman Sachs Group set a €77.00 ($89.53) price target on Porsche Automobil (ETR:PAH3) in a report issued on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also issued reports on PAH3. UBS Group set a €80.00 ($93.02) price target on Porsche Automobil and gave the stock a buy rating in a report on Monday, September 30th. JPMorgan Chase & Co. set a €73.00 ($84.88) price target on Porsche Automobil and gave the stock a neutral rating in a report on Monday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of €72.64 ($84.46).
Shares of ETR PAH3 traded up €1.94 ($2.26) during trading on Thursday, reaching €62.16 ($72.28). The company had a trading volume of 602,491 shares, compared to its average volume of 502,739. The business’s 50-day moving average is €58.38 and its 200 day moving average is €58.76. The stock has a market cap of $9.52 billion and a PE ratio of 4.82. Porsche Automobil has a 12-month low of €49.89 ($58.01) and a 12-month high of €65.26 ($75.88). The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.12.
Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. The company offers motorcycles, small cars, and luxury vehicles, as well as commercial vehicles, such as pick-ups, buses, and heavy trucks under the Volkswagen, Audi, SEAT, KODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania, and MAN brand names.
Further Reading: What is intrinsic value?
Receive News & Ratings for Porsche Automobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Porsche Automobil and related companies with MarketBeat.com's FREE daily email newsletter.