Deutsche Bank Keeps Their Buy Rating on Mercedes-Benz Group (MBGAF)

In a report released today, Tim Rokossa from Deutsche Bank maintained a Buy rating on Mercedes-Benz Group, with a price target of €70.00. The company’s shares closed last Friday at $61.43.

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According to TipRanks, Rokossa is a 3-star analyst with an average return of 4.9% and a 42.26% success rate. Rokossa covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Volkswagen, and Mercedes-Benz Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mercedes-Benz Group with a $69.35 average price target, representing a 12.89% upside. In a report released on October 9, J.P. Morgan also maintained a Buy rating on the stock with a €68.00 price target.

Based on Mercedes-Benz Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $33.15 billion and a net profit of $915 million. In comparison, last year the company earned a revenue of $36.74 billion and had a net profit of $3.02 billion