Daimler (ETR:DAI) has been assigned a €69.00 ($80.23) price target by JPMorgan Chase & Co. in a report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 48.90% from the stock’s current price.
Several other brokerages have also recently issued reports on DAI. Bank of America set a €155.00 ($180.23) target price on shares of Continental and gave the stock a “buy” rating in a report on Tuesday, May 14th. UBS Group boosted their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Morgan Stanley set a $103.00 price target on shares of Nike and gave the stock a “buy” rating in a report on Friday, June 28th. Oddo Bhf set a GBX 1,170 ($15.29) price target on shares of easyJet and gave the stock a “neutral” rating in a report on Monday, May 20th. Finally, Nord/LB set a €48.00 ($55.81) target price on shares of Daimler and gave the stock a “neutral” rating in a report on Monday, June 24th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of €56.70 ($65.93).
Shares of ETR DAI opened at €46.34 ($53.88) on Friday. Daimler has a 1 year low of €44.51 ($51.76) and a 1 year high of €60.00 ($69.77). The stock has a market cap of $49.57 billion and a PE ratio of 7.01. The company’s 50-day simple moving average is €48.01. The company has a debt-to-equity ratio of 228.26, a quick ratio of 0.85 and a current ratio of 1.23.
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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