Volkswagen (ETR:VOW3) Stock Price Passes Above Two Hundred Day Moving Average of $146.39

Volkswagen AG (ETR:VOW3Get Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €146.39 ($149.38) and traded as high as €151.50 ($154.59). Volkswagen shares last traded at €149.30 ($152.35), with a volume of 806,818 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on VOW3 shares. Berenberg Bank set a €175.00 ($178.57) price objective on shares of Volkswagen in a research note on Friday, September 9th. UBS Group set a €230.00 ($234.69) target price on shares of Volkswagen in a report on Tuesday, September 6th. Sanford C. Bernstein set a €160.00 ($163.27) target price on shares of Volkswagen in a report on Tuesday, September 6th. Warburg Research set a €230.00 ($234.69) target price on shares of Volkswagen in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. set a €235.00 ($239.80) target price on shares of Volkswagen in a report on Tuesday, August 30th.

Volkswagen Stock Performance

The company has a debt-to-equity ratio of 124.99, a quick ratio of 0.80 and a current ratio of 1.21. The stock has a market cap of $29.99 billion and a P/E ratio of 4.28. The company’s 50 day moving average price is €140.37 and its 200-day moving average price is €146.39.

About Volkswagen

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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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