Dr. Ing. h.c. F. Porsche (OTC:DRPRF) Trading 11.9% Higher

Dr. Ing. h.c. F. Porsche AG (OTC:DRPRFGet Rating)’s stock price traded up 11.9% during trading on Wednesday . The stock traded as high as $113.65 and last traded at $113.61. 4,369 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 1,434 shares. The stock had previously closed at $101.50.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Dr. Ing. h.c. F. Porsche in a report on Friday, November 11th. They issued a “hold” rating for the company. Citigroup assumed coverage on Dr. Ing. h.c. F. Porsche in a research report on Wednesday, November 9th. They issued a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Dr. Ing. h.c. F. Porsche in a research report on Tuesday, November 8th. They issued an “overweight” rating for the company. Exane BNP Paribas assumed coverage on Dr. Ing. h.c. F. Porsche in a research report on Tuesday, November 8th. They issued a “neutral” rating and a €107.00 ($116.30) price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dr. Ing. h.c. F. Porsche in a research report on Tuesday, November 8th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.50.

Dr. Ing. h.c. F. Porsche Price Performance

The firm has a 50-day simple moving average of $106.57.

About Dr. Ing. h.c. F. Porsche

(Get Rating)

Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services businesses. The company engages in the development, manufacturing, and sale of vehicles, as well as provision of related services. It also offers customer and dealer financing, leasing, and mobility and other finance-related services; and accessories and fashion products.

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