The Berenberg Bank Reiterates “€83.00” Price Target for Bayerische Motoren Werke AG (BMW)

The Berenberg Bank Reiterates “€83.00” Price Target for Bayerische Motoren Werke AG (BMW)

Berenberg Bank set a €83.00 ($89.25) target price on Bayerische Motoren Werke AG (ETR:BMW) in a report issued on Tuesday morning. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on BMW. Deutsche Bank AG set a €90.00 ($96.77) price objective on shares of Bayerische Motoren Werke AG and gave the stock a neutral rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a €80.00 ($86.02) price objective on shares of Bayerische Motoren Werke AG and gave the stock a neutral rating in a research report on Wednesday, August 3rd. Barclays PLC set a €96.00 ($103.23) price objective on shares of Bayerische Motoren Werke AG and gave the stock a buy rating in a research report on Wednesday, August 3rd. S&P Global Inc. set a €85.00 ($91.40) price objective on shares of Bayerische Motoren Werke AG and gave the stock a neutral rating in a research report on Tuesday, August 2nd. Finally, Kepler Capital Markets set a €73.00 ($78.49) price objective on shares of Bayerische Motoren Werke AG and gave the stock a neutral rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of €85.02 ($91.42).

Shares of Bayerische Motoren Werke AG (ETR:BMW) opened at 82.605 on Tuesday. The company has a market capitalization of €54.26 billion and a PE ratio of 7.840. Bayerische Motoren Werke AG has a 12 month low of €63.42 and a 12 month high of €104.84. The firm’s 50-day moving average is €78.96 and its 200 day moving average is €75.46.

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