Daimler (ETR:DAI) Change of Rating
Warburg Research boosted Daimler (ETR:DAI)’s stock to “Buy” rating. The ratings change was shared with investors and clients in analysts report today. The firm currently has EUR 76.00 target on DAI.
Despite the rating upgrade ETR:DAI is right now trading -1.43% lower at EUR 63.20 as of 20:03 Frankfurt time. Daimler shares have decreased -11.93% in the past 200 days, while the S&P500 Index has added 2.61% in the same time period.
Out of 26 brokers covering Daimler, 22 rate it a Buy, 10 indicate a Hold while 0 suggest a Sell. The highest target is EUR 105.78 and the lowest is EUR 55.67 according to Thomson/First Call. The 12-month mean target is EUR 84.02, which means upside potential of 32.94% over the current price.
ETR:DAI Price Chart & Trend
The stock price of Daimler declined 11.93% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Daimler is up 6.5% and up 5.14%, respectively. Our stocks momentum model is shown on the price chart below.
Daimler (ETR:DAI) Profile
Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
Daimler (ETR:DAI) traded down -1.43% on 13 October, hitting EUR 63.2. A total of 3.74 million shares of the company’s stock traded hands. This is up from average of 3.50 million shares. Daimler has a 52 week low of EUR 50.83 and a 52 week high of EUR 85.5. The company has a market cap of 67.61 billion EUR and a P/E ratio of 8.49.
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