Bank of America Reiterates Hold Rating for Bayerische Motoren Werke (BAMXF)
Bayerische Motoren Werke (OTCMKTS:BAMXF)‘s stock had its “hold” rating reissued by Bank of America in a research note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $76.00 price target on the stock. Bank of America‘s price target indicates a potential downside of 3.43% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank reiterated a “buy” rating on shares of Bayerische Motoren Werke in a research note on Tuesday, February 19th. Barclays reiterated a “buy” rating on shares of Bayerische Motoren Werke in a research note on Friday, March 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $75.00 price target on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. Norddeutsche Landesbank reiterated a “hold” rating and set a $73.00 price target on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. Finally, UBS Group set a $74.00 price target on shares of Bayerische Motoren Werke and gave the stock a “hold” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.29.
BAMXF stock traded up $3.05 on Wednesday, reaching $78.70. 3,454 shares of the company were exchanged, compared to its average volume of 4,225. Bayerische Motoren Werke has a 12 month low of $75.50 and a 12 month high of $109.64.
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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