JPMorgan Chase & Co. Reiterates €85.00 Price Target for Daimler (DAI)
Other equities analysts have also recently issued research reports about the stock. Warburg Research set a €74.00 ($91.36) price objective on shares of Daimler and gave the company a neutral rating in a research note on Monday, October 16th. Kepler Capital Markets set a €68.00 ($83.95) target price on shares of Daimler and gave the stock a neutral rating in a research report on Tuesday, October 17th. Sanford C. Bernstein set a €85.00 ($104.94) target price on shares of Daimler and gave the stock a buy rating in a research report on Wednesday, September 27th. Barclays set a €70.00 ($86.42) target price on shares of Daimler and gave the stock a neutral rating in a research report on Monday, October 16th. Finally, Independent Research set a €70.00 ($86.42) target price on shares of Daimler and gave the stock a neutral rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. Daimler has an average rating of Hold and a consensus target price of €75.09 ($92.70).
Daimler (ETR:DAI) traded up €0.08 ($0.10) during mid-day trading on Friday, reaching €74.89 ($92.46). 3,006,415 shares of the company’s stock traded hands, compared to its average volume of 2,960,000. The company has a market capitalization of $80,120.00 and a P/E ratio of 8.46. Daimler has a 12 month low of €59.01 ($72.85) and a 12 month high of €76.36 ($94.27).
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Daimler AG, through its subsidiaries, engages in the development, production, and distribution of 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.
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