Volkswagen (OTCMKTS:VWAGY) Stock Rating Upgraded by Berenberg Bank

Volkswagen (OTCMKTS:VWAGY) was upgraded by research analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat.com reports.

A number of other analysts also recently issued reports on the company. UBS Group downgraded Volkswagen from a “neutral” rating to a “sell” rating in a research report on Friday, September 1st. Citigroup raised Volkswagen from a “neutral” rating to a “buy” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Volkswagen has a consensus rating of “Hold” and a consensus price target of $175.67.

Volkswagen Stock Up 0.9 %

Shares of VWAGY stock opened at $12.97 on Friday. Volkswagen has a 12 month low of $12.81 and a 12 month high of $20.69. The company’s fifty day simple moving average is $15.42 and its 200-day simple moving average is $16.32. The firm has a market cap of $65.02 billion, a PE ratio of 3.63 and a beta of 1.43.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; and production and sale of passenger cars and light commercial vehicles, and related parts.