Daimler AG (DAI) Given a €53.00 Price Target at Berenberg Bank

Berenberg Bank set a €53.00 ($56.99) price target on Daimler AG (ETR:DAI) in a report issued on Tuesday morning. The brokerage currently has a sell rating on the stock.

A number of other analysts have also recently commented on DAI. Morgan Stanley set a €65.00 ($69.89) price target on Daimler AG and gave the company a neutral rating in a research note on Monday, October 10th. Commerzbank Ag set a €95.00 ($102.15) target price on Daimler AG and gave the stock a buy rating in a research note on Tuesday, October 11th. Warburg Research set a €76.00 ($81.72) target price on Daimler AG and gave the stock a buy rating in a research note on Thursday, October 13th. Barclays PLC set a €70.00 ($75.27) target price on Daimler AG and gave the stock a neutral rating in a research note on Friday, October 14th. Finally, HSBC Holdings plc set a €65.00 ($69.89) target price on Daimler AG and gave the stock a neutral rating in a research note on Friday, October 14th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. Daimler AG presently has an average rating of Hold and an average price target of €72.38 ($77.83).

Analyst Recommendations for Daimler AG (ETR:DAI)

Daimler AG (ETR:DAI) opened at 67.269 on Tuesday. The company has a market cap of €71.96 billion and a price-to-earnings ratio of 8.799. Daimler AG has a 52-week low of €50.89 and a 52-week high of €73.20. The stock has a 50 day moving average of €70.34 and a 200-day moving average of €65.35.

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About Daimler AG

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.

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