Bayerische Motoren Werke (ETR:BMW) Given a €60.00 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a €60.00 ($69.77) target price on Bayerische Motoren Werke (ETR:BMW) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts have also commented on the stock. Bank of America set a €69.00 ($80.23) price objective on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a report on Friday, August 23rd. Credit Suisse Group set a €90.00 ($104.65) price objective on shares of Bayerische Motoren Werke and gave the stock a buy rating in a report on Monday, September 9th. Jefferies Financial Group set a €75.00 ($87.21) price objective on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a report on Tuesday, July 2nd. Goldman Sachs Group set a €65.00 ($75.58) price objective on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a report on Thursday, August 1st. Finally, Oddo Bhf set a €72.00 ($83.72) price objective on shares of Bayerische Motoren Werke and gave the stock a neutral rating in a report on Monday, May 20th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of €75.58 ($87.89).

Shares of ETR:BMW opened at €65.06 ($75.65) on Wednesday. Bayerische Motoren Werke has a 12 month low of €58.04 ($67.49) and a 12 month high of €86.74 ($100.86). The company’s 50-day moving average price is €62.87 and its two-hundred day moving average price is €67.80. 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 firm has a market cap of $39.17 billion and a P/E ratio of 8.89.

Bayerische Motoren Werke Company Profile

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Bayerische Motoren Werke (ETR:BMW)

Receive News & Ratings for Bayerische Motoren Werke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bayerische Motoren Werke and related companies with MarketBeat.com's FREE daily email newsletter.