Peugeot (EPA:UG) has been assigned a €36.00 ($41.86) price objective by JPMorgan Chase & Co. in a report issued on Wednesday, October 23rd, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 49.25% from the stock’s current price.
Several other brokerages have also recently issued reports on UG. HSBC set a €27.00 ($31.40) target price on shares of Peugeot and gave the stock a “buy” rating in a report on Thursday, September 19th. Bank of America set a €27.00 ($31.40) target price on shares of Peugeot and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group set a €25.00 ($29.07) target price on shares of Peugeot and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group set a €23.00 ($26.74) target price on shares of Peugeot and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley set a €18.00 ($20.93) target price on shares of Peugeot and gave the stock a “sell” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Peugeot has a consensus rating of “Hold” and an average price target of €25.74 ($29.93).
Shares of UG traded up €0.12 ($0.14) during midday trading on Wednesday, hitting €24.12 ($28.05). The stock had a trading volume of 2,368,727 shares, compared to its average volume of 3,640,000. Peugeot has a 1 year low of €16.45 ($19.13) and a 1 year high of €21.01 ($24.43). The company’s 50 day moving average is €23.35.
Peugeot SA engages in automotive, automotive equipment, and finance businesses in Europe, Eurasia, China and South-Asia, India Pacific, Latin America, the Middle East, Africa, and North America. The company's Automotive segment designs, manufactures, and sells passenger cars and light commercial vehicles under the Peugeot, Citroën, Opel, Vauxhall, and DS brands.
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