Daimler (ETR:DAI) PT Set at €50.00 by Independent Research

Independent Research set a €50.00 ($58.14) price objective on Daimler (ETR:DAI) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on DAI. HSBC cut China Mobile from a buy rating to a hold rating in a research note on Thursday, March 21st. Barclays upgraded WPP from an equal weight rating to an overweight rating in a research note on Monday, April 29th. Nord/LB set a €48.00 ($55.81) target price on Daimler and gave the stock a neutral rating in a research note on Monday, June 24th. Credit Suisse Group lowered their target price on FOX from $51.00 to $45.00 and set an outperform rating on the stock in a research note on Monday, June 3rd. Finally, Deutsche Bank assumed coverage on Target in a research note on Monday. They set a hold rating and a $85.00 target price on the stock. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €55.58 ($64.63).

Shares of ETR:DAI opened at €46.13 ($53.64) on Monday. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 228.26. The company’s fifty day moving average is €47.90. Daimler has a 1-year low of €44.51 ($51.76) and a 1-year high of €60.00 ($69.77). The company has a market cap of $49.35 billion and a PE ratio of 6.98.

About Daimler

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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