Goldman Sachs Group Analysts Give Bayerische Motoren Werke (ETR:BMW) a €65.00 Price Target

December 2, 2019 Off By BMW Admin

Bayerische Motoren Werke (ETR:BMW) has been given a €65.00 ($75.58) price target by analysts at Goldman Sachs Group in a research report issued on Wednesday, November 6th, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price would indicate a potential downside of 9.61% from the stock’s current price.

Several other brokerages have also commented on BMW. Nord/LB set a €70.00 ($81.40) price objective on shares of Bayerische Motoren Werke and gave the company a “neutral” rating in a research report on Thursday, August 1st. Sanford C. Bernstein set a €65.00 ($75.58) price target on shares of Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Warburg Research set a €83.00 ($96.51) price target on shares of Bayerische Motoren Werke and gave the stock a “buy” rating in a research report on Tuesday, October 29th. HSBC set a €68.00 ($79.07) price target on shares of Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada set a €74.00 ($86.05) price target on shares of Bayerische Motoren Werke and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Bayerische Motoren Werke has an average rating of “Hold” and a consensus price target of €73.59 ($85.57).

Shares of ETR:BMW traded down €1.39 ($1.62) during trading on Wednesday, reaching €71.91 ($83.62). The stock had a trading volume of 2,001,882 shares, compared to its average volume of 2,050,000. Bayerische Motoren Werke has a one year low of €58.04 ($67.49) and a one year high of €78.30 ($91.05). The company has a market capitalization of $43.29 billion and a P/E ratio of 6.64. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 200.29. The firm’s 50-day simple moving average is €71.38 and its 200 day simple moving average is €65.84.

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.

Read More: What does a hold rating mean?

Analyst Recommendations for Bayerische Motoren Werke (ETR:BMW)



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