Daimler (ETR:DAI) PT Set at €59.00 by Royal Bank of Canada
Royal Bank of Canada set a €59.00 ($69.41) price target on Daimler (ETR:DAI) in a report published on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
DAI has been the topic of several other research reports. Jefferies Financial Group set a €53.00 ($62.35) price target on shares of Daimler and gave the company a buy rating in a research note on Monday, October 5th. Goldman Sachs Group set a €60.00 ($70.59) price target on shares of Daimler and gave the company a buy rating in a research note on Tuesday, October 13th. Nord/LB set a €43.00 ($50.59) price target on shares of Daimler and gave the company a neutral rating in a research note on Tuesday, September 15th. DZ Bank restated a sell rating on shares of Daimler in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft set a €60.00 ($70.59) price target on shares of Daimler and gave the company a buy rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €49.28 ($57.97).
Shares of ETR:DAI opened at €49.40 ($58.12) on Wednesday. The firm’s 50 day moving average is €45.51 and its two-hundred day moving average is €37.40. Daimler has a 52 week low of €21.02 ($24.72) and a 52 week high of €54.50 ($64.12). The firm has a market capitalization of $52.85 billion and a P/E ratio of -177.06. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 267.75.
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.
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