Independent Research GmbH Reiterates “€156.00” Price Target for Volkswagen AG (VOW3)

Independent Research GmbH set a €156.00 ($167.74) price target on Volkswagen AG (ETR:VOW3) in a research report sent to investors on Wednesday. The firm currently has a neutral rating on the stock.

VOW3 has been the topic of a number of other research reports. Goldman Sachs Group Inc set a €193.00 ($207.53) price objective on Volkswagen AG and gave the stock a buy rating in a research note on Monday, January 23rd. Berenberg Bank set a €98.00 ($105.38) price objective on Volkswagen AG and gave the stock a sell rating in a research note on Wednesday, January 11th. Citigroup Inc restated a buy rating on shares of Volkswagen AG in a research note on Wednesday, November 23rd. Barclays PLC set a €168.00 ($180.65) price objective on Volkswagen AG and gave the stock a buy rating in a research note on Monday, December 5th. Finally, DZ Bank AG restated a sell rating on shares of Volkswagen AG in a research note on Wednesday, December 14th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Volkswagen AG has a consensus rating of Hold and a consensus target price of €145.54 ($156.49).

Analyst Recommendations for Volkswagen AG (ETR:VOW3)

Shares of Volkswagen AG (ETR:VOW3) opened at 137.198 on Wednesday. Volkswagen AG has a 52-week low of €101.34 and a 52-week high of €156.32. The stock’s 50 day moving average price is €142.76 and its 200-day moving average price is €131.40. The company has a market cap of €81.41 billion and a P/E ratio of 13.398.

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About Volkswagen AG

Volkswagen AG is a Germany-based automobile manufacturer. It operates through two segments: Automotive and Financial Services. The Automotive segment comprises the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as spare parts, diesel engines, turbo-machinery, special gear units, propulsion components and testing systems.

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