Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) shares were up 0.7% on Tuesday . The stock traded as high as C$17.94 and last traded at C$17.82. Approximately 216,274 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 196,461 shares. The stock had previously closed at C$17.70.
Wall Street Analysts Forecast Growth
Separately, BNP Paribas downgraded shares of Mercedes-Benz Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$82.80.
Mercedes-Benz Group Price Performance
About Mercedes-Benz Group
Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells premium and luxury cars and vans under the Mercedes-AMG, Mercedes-Benz, Mercedes-Maybach, and Mercedes-EQ brands, as well as related spare parts and accessories. It also provides financing, leasing, car subscription and rental, fleet management, insurance brokerage, and mobility services, as well as digital services for charging and payment.
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