The Goldman Sachs Group Analysts Give Volkswagen (ETR:VOW3) a €224.00 Price Target

Volkswagen (ETR:VOW3Get Rating) has been given a €224.00 ($235.79) price objective by stock analysts at The Goldman Sachs Group in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The Goldman Sachs Group’s target price would suggest a potential upside of 55.34% from the stock’s previous close.

Several other brokerages have also commented on VOW3. Morgan Stanley set a €185.00 ($194.74) price objective on Volkswagen in a report on Monday, March 14th. Berenberg Bank set a €175.00 ($184.21) target price on Volkswagen in a research report on Tuesday, May 10th. Bank of America set a €173.00 ($182.11) target price on Volkswagen in a research report on Tuesday, April 26th. UBS Group set a €280.00 ($294.74) target price on Volkswagen in a research report on Tuesday, May 10th. Finally, Credit Suisse Group set a €205.00 ($215.79) target price on Volkswagen in a research report on Monday, May 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of €234.00 ($246.32).

Shares of ETR VOW3 traded up €5.32 ($5.60) during midday trading on Monday, hitting €144.20 ($151.79). 1,350,831 shares of the company’s stock were exchanged, compared to its average volume of 1,610,000. Volkswagen has a 12-month low of €131.30 ($138.21) and a 12-month high of €245.45 ($258.37). The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 143.82. The company has a market cap of $42.55 billion and a price-to-earnings ratio of 4.87. The business’s fifty day moving average price is €150.42 and its two-hundred day moving average price is €170.91.

Volkswagen Company Profile (Get Rating)

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 and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.

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Analyst Recommendations for Volkswagen (ETR:VOW3)

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