Volkswagen (VOW3) Given “Sell” Rating at DZ Bank

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DZ Bank restated their sell rating on shares of Volkswagen (ETR:VOW3) in a report released on Wednesday.

A number of other equities analysts also recently commented on VOW3. Jefferies Financial Group set a €210.00 ($244.19) target price on shares of Volkswagen and gave the stock a buy rating in a report on Friday, July 20th. Barclays set a €210.00 ($244.19) target price on shares of Volkswagen and gave the stock a buy rating in a report on Thursday, July 19th. JPMorgan Chase & Co. reiterated a buy rating on shares of Volkswagen in a report on Tuesday, August 28th. Sanford C. Bernstein set a €220.00 ($255.81) target price on shares of Volkswagen and gave the stock a buy rating in a report on Friday, July 6th. Finally, Credit Suisse Group set a €203.00 ($236.05) target price on shares of Volkswagen and gave the stock a buy rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of €192.08 ($223.35).

ETR:VOW3 traded up €2.32 ($2.70) during mid-day trading on Wednesday, reaching €151.08 ($175.67). The company’s stock had a trading volume of 1,165,718 shares, compared to its average volume of 1,610,000. Volkswagen has a 1 year low of €124.75 ($145.06) and a 1 year high of €192.30 ($223.60).

About Volkswagen

Volkswagen AG, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.

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Analyst Recommendations for Volkswagen (ETR:VOW3)

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