Credit Suisse Group set a €90.00 ($104.65) price objective on Bayerische Motoren Werke (ETR:BMW) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also commented on BMW. Kepler Capital Markets set a €60.00 ($69.77) price target on shares of Bayerische Motoren Werke and gave the company a sell rating in a research note on Tuesday, July 2nd. Morgan Stanley set a €75.00 ($87.21) price objective on shares of Bayerische Motoren Werke and gave the stock a buy rating in a research report on Tuesday, July 23rd. Independent Research set a €70.00 ($81.40) target price on shares of Bayerische Motoren Werke and gave the company a neutral rating in a report on Friday, August 2nd. UBS Group set a €74.00 ($86.05) target price on shares of Bayerische Motoren Werke and gave the company a neutral rating in a research report on Thursday, July 4th. Finally, Nord/LB set a €70.00 ($81.40) target price on shares of Bayerische Motoren Werke and gave the company a neutral rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of €75.58 ($87.89).
BMW stock opened at €63.81 ($74.20) on Monday. The business has a 50 day moving average price of €62.90 and a 200 day moving average price of €67.82. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 195.12. The stock has a market cap of $38.41 billion and a price-to-earnings ratio of 8.71. Bayerische Motoren Werke has a fifty-two week low of €58.04 ($67.49) and a fifty-two week high of €86.74 ($100.86).
About Bayerische Motoren Werke
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.
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