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

Daimler (ETR:DAI) has been given a €42.00 ($48.84) target price by equities researchers at Goldman Sachs Group in a research note issued on Wednesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s target price would suggest a potential downside of 16.22% from the company’s previous close.

Several other research analysts also recently commented on the stock. Bank of America set a €55.00 ($63.95) price target on shares of Daimler and gave the company a “buy” rating in a report on Tuesday, October 15th. Independent Research set a €51.00 ($59.30) price objective on shares of Daimler and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Royal Bank of Canada set a €59.00 ($68.60) price objective on shares of Daimler and gave the stock a “buy” rating in a report on Wednesday, October 16th. Deutsche Bank set a €55.00 ($63.95) price objective on shares of Daimler and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Nord/LB set a €50.00 ($58.14) price objective on shares of Daimler and gave the stock a “neutral” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €54.14 ($62.96).

Shares of ETR:DAI opened at €50.13 ($58.29) on Wednesday. The firm has a fifty day moving average price of €45.94 and a two-hundred day moving average price of €48.79. The company has a debt-to-equity ratio of 249.44, a current ratio of 1.12 and a quick ratio of 0.76. Daimler has a one year low of €40.31 ($46.87) and a one year high of €60.00 ($69.77). The company has a market cap of $53.97 billion and a price-to-earnings ratio of 13.33.

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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Analyst Recommendations for Daimler (ETR:DAI)

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