Commerzbank Reiterates €89.00 Price Target for Bayerische Motoren Werke (BMW)

Commerzbank set a €89.00 ($103.49) target price on Bayerische Motoren Werke (ETR:BMW) in a research report released on Wednesday. The brokerage currently has a neutral rating on the stock.

Several other research firms have also weighed in on BMW. Sanford C. Bernstein set a €85.00 ($98.84) target price on Bayerische Motoren Werke and gave the company a neutral rating in a report on Thursday, July 12th. JPMorgan Chase & Co. set a €80.00 ($93.02) target price on Bayerische Motoren Werke and gave the company a neutral rating in a report on Tuesday, September 25th. Kepler Capital Markets set a €75.00 ($87.21) target price on Bayerische Motoren Werke and gave the company a sell rating in a report on Wednesday, October 3rd. Deutsche Bank set a €120.00 ($139.53) target price on Bayerische Motoren Werke and gave the company a buy rating in a report on Wednesday, July 11th. Finally, Berenberg Bank set a €82.00 ($95.35) target price on Bayerische Motoren Werke and gave the company a neutral rating in a report on Tuesday, August 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of €88.50 ($102.91).

BMW stock traded down €0.40 ($0.47) on Wednesday, reaching €73.86 ($85.88). 2,407,914 shares of the company’s stock were exchanged, compared to its average volume of 2,050,000. Bayerische Motoren Werke has a twelve month low of €77.07 ($89.62) and a twelve month high of €97.04 ($112.84).

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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Analyst Recommendations for Bayerische Motoren Werke (ETR:BMW)

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