Porsche Automobil (ETR:PAH3) Sets New 1-Year High at $68.30

Porsche Automobil Holding SE (ETR:PAH3)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as €68.30 ($79.42) and last traded at €67.30 ($78.26), with a volume of 173171 shares trading hands. The stock had previously closed at €67.30 ($78.26).

Several research analysts have recently issued reports on the stock. Goldman Sachs Group set a €77.00 ($89.53) price objective on shares of Porsche Automobil and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. set a €73.00 ($84.88) price objective on shares of Porsche Automobil and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, UBS Group set a €80.00 ($93.02) target price on shares of Porsche Automobil and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of €72.70 ($84.53).

The stock has a market capitalization of $10.11 billion and a P/E ratio of 5.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.64 and a quick ratio of 1.62. The stock’s fifty day moving average is €62.06 and its two-hundred day moving average is €59.64.

About Porsche Automobil (ETR:PAH3)

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. The company offers motorcycles, small cars, and luxury vehicles, as well as commercial vehicles, such as pick-ups, buses, and heavy trucks under the Volkswagen, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Scania, and MAN brand names.

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