Nord/LB set a €70.00 ($81.40) target price on Bayerische Motoren Werke (ETR:BMW) in a report issued on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also issued reports on BMW. Barclays set a €94.00 ($109.30) price target on Bayerische Motoren Werke and gave the company a buy rating in a research note on Wednesday, July 17th. Credit Suisse Group set a €90.00 ($104.65) price target on Bayerische Motoren Werke and gave the company a buy rating in a research note on Thursday, July 18th. Bank of America set a €76.00 ($88.37) price objective on Bayerische Motoren Werke and gave the company a neutral rating in a research report on Tuesday, May 14th. Kepler Capital Markets set a €60.00 ($69.77) price objective on Bayerische Motoren Werke and gave the company a sell rating in a research report on Tuesday, July 2nd. Finally, Independent Research set a €70.00 ($81.40) price objective on Bayerische Motoren Werke and gave the company a neutral rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of €76.50 ($88.95).
ETR BMW traded down €2.84 ($3.30) on Thursday, reaching €64.65 ($75.17). 3,893,077 shares of the stock traded hands, compared to its average volume of 2,050,000. The stock’s fifty day moving average price is €65.86. The company has a debt-to-equity ratio of 191.23, a quick ratio of 0.81 and a current ratio of 1.15. The company has a market capitalization of $38.92 billion and a P/E ratio of 5.97. Bayerische Motoren Werke has a 12 month low of €61.14 ($71.09) and a 12 month high of €86.74 ($100.86).
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.
Further Reading: Why are gap-down stocks important?
Receive News & Ratings for Bayerische Motoren Werke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bayerische Motoren Werke and related companies with MarketBeat.com's FREE daily email newsletter.