Credit Suisse Group Reiterates €90.00 Price Target for Bayerische Motoren Werke (ETR:BMW)

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Credit Suisse Group set a €90.00 ($104.65) price target on Bayerische Motoren Werke (ETR:BMW) in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

BMW has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Jefferies Financial Group reissued a buy rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. Independent Research set a €96.00 ($111.63) price target on MorphoSys and gave the company a neutral rating in a research report on Wednesday, June 26th. Nord/LB set a €90.00 ($104.65) price target on Henkel AG & Co KGaA and gave the company a neutral rating in a research report on Tuesday, May 7th. Finally, Berenberg Bank reissued a hold rating and set a GBX 95 ($1.24) price target on shares of Gem Diamonds in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of €76.79 ($89.29).

Shares of BMW opened at €66.57 ($77.41) on Thursday. The firm has a 50 day simple moving average of €64.41. Bayerische Motoren Werke has a 52-week low of €61.14 ($71.09) and a 52-week high of €86.74 ($100.86). The firm has a market cap of $40.07 billion and a price-to-earnings ratio of 6.15. The company has a debt-to-equity ratio of 191.23, a quick ratio of 0.81 and a current ratio of 1.15.

About Bayerische Motoren Werke

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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