Daimler (ETR:DAI) has been given a €40.00 ($46.51) price target by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday, October 24th, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Jefferies Financial Group’s target price indicates a potential downside of 25.16% from the company’s previous close.
A number of other research analysts have also commented on DAI. Deutsche Bank set a €55.00 ($63.95) target price on Daimler and gave the company a “buy” rating in a research note on Monday, September 30th. Independent Research set a €54.00 ($62.79) target price on Daimler and gave the company a “neutral” rating in a research note on Thursday, October 24th. HSBC set a €45.00 ($52.33) target price on Daimler and gave the company a “neutral” rating in a research note on Monday, October 7th. Goldman Sachs Group set a €42.00 ($48.84) price objective on Daimler and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada set a €59.00 ($68.60) price objective on Daimler and gave the stock a “buy” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €53.00 ($61.63).
Shares of DAI stock traded down €0.34 ($0.40) during trading hours on Thursday, reaching €53.45 ($62.15). 4,165,520 shares of the company’s stock were exchanged, compared to its average volume of 4,430,000. The business has a fifty day moving average price of €48.48 and a 200-day moving average price of €48.57. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 254.49. The stock has a market capitalization of $57.35 billion and a P/E ratio of 14.13. Daimler has a fifty-two week low of €40.31 ($46.87) and a fifty-two week high of €60.00 ($69.77).
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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