Daimler (ETR:DAI) Given a €62.00 Price Target at Royal Bank of Canada

Daimler (ETR:DAI) has been assigned a €62.00 ($72.09) price target by investment analysts at Royal Bank of Canada in a research note issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 32.21% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group set a €40.00 ($46.51) price target on shares of Daimler and gave the stock a “sell” rating in a report on Thursday, October 24th. Goldman Sachs Group set a €38.00 ($44.19) price target on shares of Daimler and gave the stock a “sell” rating in a report on Monday, January 6th. Credit Suisse Group set a €55.00 ($63.95) price target on shares of Daimler and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays set a €51.00 ($59.30) price target on shares of Daimler and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Deutsche Bank set a €55.00 ($63.95) price target on shares of Daimler and gave the stock a “buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €52.39 ($60.92).

Shares of ETR:DAI traded down €0.34 ($0.40) during trading on Thursday, hitting €46.90 ($54.53). 2,724,328 shares of the company were exchanged, compared to its average volume of 4,430,000. The business’s 50 day moving average is €49.79 and its 200-day moving average is €47.87. The company has a market capitalization of $50.10 billion and a P/E ratio of 12.40. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 254.49. Daimler has a 1-year low of €40.31 ($46.87) and a 1-year high of €60.00 ($69.77).

Daimler Company Profile

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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