Barclays Reiterates “€62.00” Price Target for Daimler (DAI)

Daimler (ETR:DAI) has been assigned a €62.00 ($72.09) target price by stock analysts at Barclays in a research note issued on Friday, March 29th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Barclays‘s price target suggests a potential upside of 4.54% from the stock’s current price.

A number of other research firms have also commented on DAI. Kepler Capital Markets set a €55.00 ($63.95) price target on Daimler and gave the stock a “buy” rating in a report on Friday, January 11th. HSBC set a €46.00 ($53.49) price objective on Daimler and gave the company a “sell” rating in a research note on Thursday, March 21st. Sanford C. Bernstein set a €73.00 ($84.88) price objective on Daimler and gave the company a “neutral” rating in a research note on Tuesday, December 25th. JPMorgan Chase & Co. set a €69.00 ($80.23) price objective on Daimler and gave the company a “buy” rating in a research note on Monday, February 25th. Finally, Deutsche Bank set a €80.00 ($93.02) price objective on Daimler and gave the company a “buy” rating in a research note on Thursday, February 14th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €59.14 ($68.76).

Shares of Daimler stock traded up €1.23 ($1.43) during trading hours on Friday, reaching €59.31 ($68.97). The company had a trading volume of 8,129,621 shares, compared to its average volume of 4,430,000. Daimler has a one year low of €44.51 ($51.76) and a one year high of €68.64 ($79.81). The company has a debt-to-equity ratio of 219.37, a current ratio of 1.24 and a quick ratio of 0.89. The firm has a market capitalization of $63.45 billion and a P/E ratio of 8.75.

About Daimler

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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Analyst Recommendations for Daimler (ETR:DAI)

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