Daimler (ETR:DAI) PT Set at €38.00 by Goldman Sachs Group

Daimler (ETR:DAI) received a €38.00 ($44.19) price objective from Goldman Sachs Group in a research note issued to investors on Monday, January 6th, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Goldman Sachs Group’s target price would suggest a potential downside of 19.56% from the company’s current price.

Several other analysts also recently issued reports on the company. Bank of America set a €55.00 ($63.95) price objective on Daimler and gave the company a “buy” rating in a research report on Tuesday, October 15th. UBS Group set a €52.00 ($60.47) price objective on Daimler and gave the company a “neutral” rating in a research report on Friday, November 15th. Sanford C. Bernstein set a €50.00 ($58.14) price objective on Daimler and gave the company a “neutral” rating in a research report on Friday, November 29th. Jefferies Financial Group set a €40.00 ($46.51) price objective on Daimler and gave the company a “sell” rating in a research report on Thursday, October 24th. Finally, Kepler Capital Markets set a €56.00 ($65.12) price objective on Daimler and gave the company a “buy” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of €52.39 ($60.92).

DAI opened at €47.24 ($54.93) on Monday. The company has a debt-to-equity ratio of 254.49, a quick ratio of 0.83 and a current ratio of 1.22. Daimler has a one year low of €40.31 ($46.87) and a one year high of €60.00 ($69.77). The business’s fifty day moving average is €49.79 and its two-hundred day moving average is €47.87. The company has a market cap of $50.54 billion and a price-to-earnings ratio of 12.49.

Daimler Company Profile

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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Analyst Recommendations for Daimler (ETR:DAI)

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