Rating to Follow: Is Volkswagen (ETR:VOW) a Sell? DZ BANK Downgrades It

November 30, 2016 - By Marguerite Chambers

Rating to Follow: Is Volkswagen (ETR:VOW) a Sell? DZ BANK Downgrades It

Volkswagen (ETR:VOW) Downgrade

Volkswagen (ETR:VOW) was decreased by stock research analysts at DZ BANK to a Sell rating in a a research note revealed to clients and investors on 30 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 4.00% above today’s (€129.6) stock price. Volkswagen has been the topic of 261 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Independent Research downgraded Volkswagen AG (ETR:VOW) on Friday, January 15 to “Sell” rating. As per Thursday, October 8, the company rating was upgraded by Equinet. The rating was upgraded by Landesbank on Friday, September 25 to “Buy”. As per Tuesday, February 23, the company rating was downgraded by Goldman Sachs. Jefferies downgraded the stock to “Underperform” rating in Thursday, September 8 report. As per Thursday, June 2, the company rating was downgraded by DZ-Bank AG. Warburg Research maintained the shares of VOW in a report on Friday, October 2 with “Hold” rating. The stock of Volkswagen AG (ETR:VOW) has “Hold” rating given on Thursday, November 19 by Kepler Cheuvreux. On Monday, October 5 the stock rating was maintained by Morgan Stanley with “Neutral”. The firm has “Hold” rating given on Saturday, November 21 by Societe Generale.

About 15,935 shares traded hands. Volkswagen AG (ETR:VOW) has risen 4.94% since April 18, 2016 and is uptrending. It has underperformed by 0.28% the S&P500.

Volkswagen AG is an automobile manufacturer and a carmaker. The company has a market cap of 63.29 billion EUR. The Firm develops vehicles and components for its brands. It has a 197.59 P/E ratio. It also produces and sells vehicles.

More recent Volkswagen AG (ETR:VOW) news were published by: Businesswire.com which released: “BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and …” on November 29, 2016. Also Reuters.com published the news titled: “BRIEF-Volkswagen Bank to become part of Volkswagen AG” on November 01, 2016. Reuters.com‘s news article titled: “US judge delays court hearing on Volkswagen 3.0-liter diesels” with publication date: November 29, 2016 was also an interesting one.

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