Volkswagen AG (VLKAY) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Volkswagen AG (OTCMKTS:VLKAY) have been given an average rating of “Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $45.00.
A number of brokerages have weighed in on VLKAY. Zacks Investment Research raised shares of Volkswagen from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Saturday. Sanford C. Bernstein reissued a “market perform” rating on shares of Volkswagen in a research report on Wednesday, September 20th. Credit Suisse Group began coverage on shares of Volkswagen in a research report on Wednesday, October 18th. They issued an “outperform” rating on the stock. Deutsche Bank raised shares of Volkswagen from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Societe Generale raised shares of Volkswagen from a “hold” rating to a “buy” rating in a research report on Monday, October 30th.
Shares of Volkswagen (OTCMKTS VLKAY) traded up $0.73 on Monday, reaching $43.20. 253,739 shares of the company’s stock were exchanged, compared to its average volume of 155,874. Volkswagen has a 1 year low of $28.90 and a 1 year high of $43.08. The company has a market capitalization of $106,449.78, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.62 and a beta of 1.74.
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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