In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Mercedes-Benz Group, with a price target of €68.00. The company’s shares opened today at $62.40.
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Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Continental Aktiengesellschaft, Bayerische Motoren Werke Aktiengesellschaft, and Renault. According to TipRanks, Asumendi has an average return of 6.1% and a 53.28% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mercedes-Benz Group with a $69.77 average price target, which is an 11.81% upside from current levels. In a report released on September 24, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €58.00 price target.
MBGAF market cap is currently $61.84B and has a P/E ratio of 8.26.
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