Rating Buzzer: Volkswagen (ETR:VOW) Was Downgraded by Joh. Berenberg Gossler & Co. KG to “Sell”

November 23, 2016 - By olga

Rating Buzzer:  Volkswagen (ETR:VOW) Was Downgraded by Joh. Berenberg Gossler & Co. KG to

Volkswagen (ETR:VOW) Downgrade

Joh. Berenberg Gossler & Co. KG was decreased to “Sell” and currently has EUR 98.00 price target on Volkswagen (ETR:VOW)‘s stock. This was released in an analyst report on Wednesday, 23 November.

Volkswagen AG (ETR:VOW) Ratings Coverage

Out of 26 analysts covering Volkswagen (ETR:VOW), 6 rate it a “Buy”, 8 “Sell”, while 12 “Hold”. This means 23% are positive. €278 is the highest target while €80 is the lowest. The €134.79 average target is 2.42% above today’s (€131.6) stock price. Volkswagen has been the topic of 258 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Hold” rating and €130 target price in Thursday, October 8 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, July 14. Independent Research upgraded it to “Buy” rating and €245 target price in Thursday, July 30 report. DZ-Bank AG downgraded the shares of VOW in a report on Wednesday, May 4 to “Sell” rating. The stock has “Hold” rating given by Bankhaus Lampe on Friday, November 4. Equinet downgraded Volkswagen AG (ETR:VOW) on Wednesday, April 20 to “Reduce” rating. Commerzbank maintained the stock with “Hold” rating in Saturday, November 19 report. The rating was maintained by Baader Wertpapierhandelsbank with “Hold” on Wednesday, July 6. The stock of Volkswagen AG (ETR:VOW) earned “Hold” rating by Warburg Research on Thursday, June 16. The rating was maintained by Commerzbank on Tuesday, September 13 with “Hold”.

About 39,303 shares traded hands. Volkswagen AG (ETR:VOW) has risen 4.94% since April 18, 2016 and is uptrending. It has underperformed by 0.39% the S&P500.

Volkswagen AG is an automobile manufacturer and a carmaker. The company has a market cap of 63.97 billion EUR. The Firm develops vehicles and components for its brands. It has a 200.64 P/E ratio. It also produces and sells vehicles.

More news for Volkswagen AG (ETR:VOW) were recently published by: Reuters.com, which released: “BRIEF-Volkswagen Bank to become part of Volkswagen AG” on November 01, 2016. Business.Financialpost.com‘s article titled: “Volkswagen AG to cut 30000 jobs in landmark labour pact that will save $3.9 …” and published on November 18, 2016 is yet another important article.

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