Daimler AG Given “Sell” Rating at Bankhaus Metzler (DAI)

Daimler AG (ETR: DAI)‘s stock had its “sell” rating reiterated by stock analysts at Bankhaus Metzler in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a €39.00 ($50.65) target price on the stock.

Shares of Daimler AG (ETR: DAI) traded down 1.61% during mid-day trading on Tuesday, hitting €47.901. Daimler AG has a 52 week low of €32.875 and a 52 week high of €50.379. The stock’s 50-day moving average is currently €38.87.

A number of other firms have also recently commented on DAI. Analysts at Barclays Capital downgraded shares of Daimler AG to an “underweight” rating in a research note to investors on Friday, May 24th. They now have a €36.00 ($46.75) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Daimler AG in a research note to investors on Thursday, May 23rd. They now have a €55.00 ($71.43) price target on the stock. Finally, analysts at AlphaValue reiterated a “sell” rating on shares of Daimler AG in a research note to investors on Thursday, May 16th. They now have a €37.70 ($48.96) price target on the stock.

Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of €42.89 ($55.70).

Daimler AG is a Germany-based company that develops, manufactures and distributes a range of automotive products, mainly passenger cars, trucks, vans and buses, as well as manages the Daimler Group.

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