Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) Earns Buy Rating from Analysts at Berenberg Bank

Berenberg Bank assumed coverage on shares of Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYYGet Rating) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Bayerische Motoren Werke Aktiengesellschaft from €111.00 ($116.84) to €107.00 ($112.63) and set a “sector perform” rating on the stock in a report on Thursday, March 17th. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Thursday, February 17th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Bayerische Motoren Werke Aktiengesellschaft from €135.00 ($142.11) to €130.00 ($136.84) and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $118.50.

Shares of BMWYY stock opened at $27.50 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 0.85. Bayerische Motoren Werke Aktiengesellschaft has a 12 month low of $24.97 and a 12 month high of $39.63. The stock has a 50-day moving average price of $27.99 and a 200 day moving average price of $32.34.

About Bayerische Motoren Werke Aktiengesellschaft (Get Rating)

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment is involved in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.

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