Daimler (ETR:DAI) PT Set at €57.00 by Berenberg Bank

Daimler (ETR:DAI) has been assigned a €57.00 ($70.37) price target by investment analysts at Berenberg Bank in a research report issued on Wednesday, February 28th. The brokerage currently has a “sell” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 15.56% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Morgan Stanley restated a “neutral” rating on shares of Daimler in a research report on Monday, February 12th. Kepler Capital Markets set a €72.00 ($88.89) price objective on shares of Daimler and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Sanford C. Bernstein set a €85.00 ($104.94) price objective on shares of Daimler and gave the stock a “buy” rating in a research note on Wednesday, January 24th. UBS Group set a €85.00 ($104.94) target price on shares of Daimler and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Warburg Research set a €76.00 ($93.83) price target on shares of Daimler and gave the company a “neutral” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of €77.35 ($95.49).

Daimler (ETR DAI) traded down €0.21 ($0.26) during mid-day trading on Wednesday, reaching €67.50 ($83.33). 3,390,347 shares of the company traded hands, compared to its average volume of 4,540,000. The company has a market cap of $72,210.00 and a PE ratio of 6.86. Daimler has a 1 year low of €59.01 ($72.85) and a 1 year high of €76.36 ($94.27).

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Daimler Company Profile

Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.

Analyst Recommendations for Daimler (ETR:DAI)

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