Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW) Stock Passes Above 200 Day Moving Average of $93.89

Shares of Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €93.89 ($102.05) and traded as high as €104.24 ($113.30). Bayerische Motoren Werke Aktiengesellschaft shares last traded at €104.04 ($113.09), with a volume of 730,024 shares traded.

Wall Street Analysts Forecast Growth

BMW has been the subject of several recent analyst reports. Sanford C. Bernstein set a €105.00 ($114.13) target price on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Tuesday, April 4th. Deutsche Bank Aktiengesellschaft set a €120.00 ($130.43) price objective on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Monday, March 20th. Berenberg Bank set a €99.00 ($107.61) price objective on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Friday, March 24th. The Goldman Sachs Group set a €113.00 ($122.83) price objective on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Monday, February 6th. Finally, UBS Group set a €85.00 ($92.39) price objective on shares of Bayerische Motoren Werke Aktiengesellschaft in a research note on Friday, March 24th.

Bayerische Motoren Werke Aktiengesellschaft Price Performance

The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.71 and a current ratio of 1.14. The company’s fifty day simple moving average is €100.98 and its two-hundred day simple moving average is €93.89. The stock has a market capitalization of $62.90 billion, a PE ratio of 6.02, a P/E/G ratio of -0.28 and a beta of 1.13.

About Bayerische Motoren Werke Aktiengesellschaft

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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.