Daimler (ETR:DAI) Given a €60.00 Price Target at Deutsche Bank
Deutsche Bank set a €60.00 ($69.77) target price on Daimler (ETR:DAI) in a research note released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts also recently issued reports on DAI. Morgan Stanley set a $70.00 price target on shares of Edison International and gave the company a hold rating in a research note on Monday, July 15th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SAGE Therapeutics in a research note on Wednesday, July 24th. Sanford C. Bernstein downgraded shares of Allergan from an outperform rating to a market perform rating and set a $166.08 price target for the company. in a research note on Tuesday, July 16th. DZ Bank reaffirmed a sell rating on shares of Daimler in a research note on Wednesday, July 24th. Finally, Bank of America set a €155.00 ($180.23) price target on shares of Continental and gave the company a buy rating in a research note on Tuesday, May 14th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of €55.63 ($64.68).
DAI stock opened at €48.38 ($56.25) on Thursday. The company’s fifty day simple moving average is €47.85. The company has a market capitalization of $51.75 billion and a P/E ratio of 7.32. Daimler has a 52-week low of €44.51 ($51.76) and a 52-week high of €60.00 ($69.77). The company has a debt-to-equity ratio of 228.26, a current ratio of 1.23 and a quick ratio of 0.85.
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 divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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