Today’s Rating Change: Is Volkswagen (ETR:VOW) a Buy? How Analyst Rate it? Why Citigroup Corp. Upgraded The Stock

November 24, 2016 - By Peter Erickson

Today's Rating Change:  Is Volkswagen (ETR:VOW) a Buy? How Analyst Rate it? Why Citigroup Corp. Upgraded The Stock

Volkswagen (ETR:VOW) Upgrade

In a a report sent to investors on Thursday, 24 November, equity research analysts at Citigroup Corp.’s equity research division raised Volkswagen (ETR:VOW)‘s stock to a Buy.

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 1.73% above today’s (€132.5) stock price. Volkswagen has been the topic of 260 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Kepler Cheuvreux on Wednesday, January 6. The rating was upgraded by Equinet to “Buy” on Friday, July 22. The rating was downgraded by Independent Research on Friday, January 15 to “Sell”. The firm earned “Hold” rating on Tuesday, June 7 by Deutsche Bank. The firm earned “Accumulate” rating on Thursday, October 8 by Equinet. The firm earned “Hold” rating on Saturday, June 18 by Societe Generale. The stock of Volkswagen AG (ETR:VOW) has “Hold” rating given on Saturday, September 26 by HSBC. Baader Wertpapierhandelsbank maintained the shares of VOW in a report on Wednesday, June 8 with “Hold” rating. The firm has “Buy” rating given on Wednesday, June 29 by Citigroup. Baader Wertpapierhandelsbank downgraded Volkswagen AG (ETR:VOW) on Monday, May 2 to “Sell” rating.

About 34,199 shares traded hands. Volkswagen AG (ETR:VOW) has risen 4.94% since April 18, 2016 and is uptrending. It has underperformed by 0.47% the S&P500.

Volkswagen AG is an automobile manufacturer and a carmaker. The company has a market cap of 64.41 billion EUR. The Firm develops vehicles and components for its brands. It has a 202.02 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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