Volkswagen AG (VLKAY) Given Average Rating of “Sell” by Brokerages

Shares of Volkswagen AG (NASDAQ:VLKAY) have been given a consensus broker rating score of 3.50 (Sell) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company. Volkswagen AG’s rating score has declined by 40% in the last three months as a result of various analysts’ ratings changes.

Analysts have set a 12-month consensus price target of $27.00 for the company, according to Zacks. Zacks has also assigned Volkswagen AG an industry rank of 17 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on VLKAY shares. Zacks Investment Research raised shares of Volkswagen AG from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, May 30th. Jefferies Group LLC cut shares of Volkswagen AG from a “buy” rating to a “hold” rating in a research note on Monday, August 7th.

Shares of Volkswagen AG (NASDAQ:VLKAY) traded up 0.96% during midday trading on Friday, reaching $33.59. The company had a trading volume of 89,942 shares. Volkswagen AG has a 12 month low of $27.00 and a 12 month high of $34.12. The firm’s 50 day moving average price is $31.45 and its 200-day moving average price is $31.33. The company has a market capitalization of $84.19 billion and a P/E ratio of 8.63.

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About Volkswagen AG

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

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