Royal Bank of Canada set a €63.00 ($73.26) price target on Daimler (ETR:DAI) in a report released on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently commented on DAI. Bank of America set a €155.00 ($180.23) target price on shares of Continental and gave the company a buy rating in a research report on Tuesday, May 14th. Sanford C. Bernstein downgraded shares of Allergan from an outperform rating to a market perform rating and set a $166.08 target price on the stock. in a research report on Tuesday, July 16th. DZ Bank reissued a sell rating on shares of Fielmann in a research report on Friday, July 12th. Nord/LB set a €48.00 ($55.81) target price on shares of Daimler and gave the company a neutral rating in a research report on Monday, June 24th. Finally, Kepler Capital Markets reissued a hold rating on shares of Continental in a research report on Friday, June 28th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €55.58 ($64.63).
Shares of DAI opened at €45.44 ($52.84) on Thursday. Daimler has a 1-year low of €44.51 ($51.76) and a 1-year high of €60.00 ($69.77). The firm’s 50-day moving average is €47.83. The company has a market cap of $48.61 billion and a price-to-earnings ratio of 6.87. The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 228.26.
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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