Bayerische Motoren Werke (ETR:BMW) Sets New 1-Year Low at $61.05

Bayerische Motoren Werke (ETR:BMW) Sets New 1-Year Low at $61.05

August 11, 2019 Off By BMW Admin

Bayerische Motoren Werke AG (ETR:BMW) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as €61.05 ($70.99) and last traded at €61.10 ($71.05), with a volume of 574569 shares changing hands. The stock had previously closed at €62.53 ($72.71).

Several research firms have recently issued reports on BMW. JPMorgan Chase & Co. set a €60.00 ($69.77) price objective on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a report on Wednesday. Sanford C. Bernstein set a €75.00 ($87.21) price objective on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a report on Thursday, August 1st. Citigroup set a €70.00 ($81.40) price objective on shares of Bayerische Motoren Werke and gave the company a “sell” rating in a report on Thursday, May 9th. Credit Suisse Group set a €90.00 ($104.65) price objective on shares of Bayerische Motoren Werke and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group set a €75.00 ($87.21) price objective on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €76.50 ($88.95).

The stock has a fifty day moving average of €65.87. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 195.12. The firm has a market cap of $36.74 billion and a P/E ratio of 8.34.

About Bayerische Motoren Werke (ETR:BMW)

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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