Daimler (ETR:DAI) has been assigned a €85.00 ($101.19) price objective by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 19.92% from the company’s current price.
A number of other brokerages have also commented on DAI. DZ Bank restated a “neutral” rating on shares of Daimler in a research note on Tuesday, November 7th. Morgan Stanley set a €68.00 ($80.95) price target on shares of Daimler and gave the company a “neutral” rating in a research note on Wednesday, November 8th. HSBC set a €67.00 ($79.76) price target on shares of Daimler and gave the company a “neutral” rating in a research note on Thursday, December 14th. Kepler Capital Markets set a €72.00 ($85.71) price target on shares of Daimler and gave the company a “neutral” rating in a research note on Thursday, December 14th. Finally, Berenberg Bank set a €54.00 ($64.29) price target on shares of Daimler and gave the company a “sell” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of €73.83 ($87.89).
Shares of Daimler (ETR:DAI) traded down €0.29 ($0.35) during mid-day trading on Wednesday, reaching €70.88 ($84.38). 1,710,299 shares of the company’s stock were exchanged, compared to its average volume of 3,070,000. Daimler has a fifty-two week low of €59.01 ($70.25) and a fifty-two week high of €73.62 ($87.64).
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Daimler AG, through its subsidiaries, engages in the development, production, and distribution of 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 segments.
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