Volkswagen (VOW3) Earns Buy Rating from J P Morgan Chase & Co

Volkswagen (ETR:VOW3)‘s stock had its “buy” rating reissued by equities research analysts at J P Morgan Chase & Co in a report issued on Monday, November 20th.

A number of other brokerages have also recently weighed in on VOW3. BNP Paribas set a €170.00 ($202.38) price target on shares of Volkswagen and gave the company a “buy” rating in a research report on Friday, September 8th. Credit Suisse Group set a €227.00 ($270.24) price target on shares of Volkswagen and gave the company a “buy” rating in a research report on Monday, October 30th. Kepler Capital Markets set a €190.00 ($226.19) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Wednesday, November 1st. Sanford C. Bernstein set a €150.00 ($178.57) price objective on shares of Volkswagen and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. Finally, Citigroup set a €194.00 ($230.95) price objective on shares of Volkswagen and gave the company a “buy” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. Volkswagen has a consensus rating of “Buy” and a consensus price target of €177.48 ($211.28).

Volkswagen (VOW3) traded down €4.85 ($5.77) on Monday, hitting €165.90 ($197.50). 1,499,027 shares of the company traded hands, compared to its average volume of 1,770,000. Volkswagen has a twelve month low of €117.20 ($139.52) and a twelve month high of €179.20 ($213.33).

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Volkswagen Company Profile

Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and genuine parts.

Analyst Recommendations for Volkswagen (ETR:VOW3)

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