Trade Report: Today: Berenberg Bank Reaffirmed “Sell” Rating for Volkswagen AG (VLKAY)

Today: Berenberg Bank Reaffirmed “Sell” Rating for Volkswagen AG (VLKAY)

Volkswagen AG (NASDAQ:VLKAY)‘s stock had its “sell” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Monday.

Several other equities research analysts have also issued reports on VLKAY. Zacks Investment Research lowered shares of Volkswagen AG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Jefferies Group initiated coverage on shares of Volkswagen AG in a research report on Tuesday, August 9th. They issued an “underperform” rating for the company. HSBC raised shares of Volkswagen AG from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Finally, Goldman Sachs Group Inc. raised shares of Volkswagen AG from a “sell” rating to a “buy” rating in a research report on Tuesday, November 22nd. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.00.

Volkswagen AG (NASDAQ:VLKAY) opened at 27.96 on Monday. The company has a 50-day moving average of $28.55 and a 200 day moving average of $29.04. Volkswagen AG has a 52-week low of $24.50 and a 52-week high of $32.18. The firm has a market cap of $70.08 billion and a price-to-earnings ratio of 116.11.

Volkswagen AG Company Profile

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