The urban dweller that needs to get around but doesn't want the hassle of car ownership and the hard-core enthusiast with a huge pile of cash that's looking to go fast and turn heads while still being on the bleeding edge of automotive technology.
A number of other research analysts have also recently issued reports on the stock. Warburg Research set a €85.00 ($101.19) price target on shares of Daimler AG and gave the company a buy rating in a research note on Tuesday, July 25th. The company's Fit for Leadership 4.0 plan targets savings of 4 billion euros ($4.8 billion), Daimler said.
Mercedes-Benz is not the only company who have similar plans.
The models will be both hybrid and full-electric versions of the cars. Deutsche Bank AG reiterated a buy rating on shares of Daimler AG in a report on Wednesday, December 14th. The stock presently has a consensus rating of Hold and a consensus price target of €72.50 ($86.31).
Daimler AG (ETR:DAI) opened at 64.927 on Friday. The company has a market capitalization of €69.79 billion and a P/E ratio of 7.057. Daimler AG has a 12-month low of €59.01 and a 12-month high of €73.20. The firm has a 50 day moving average price of €61.20 and a 200 day moving average price of €65.74.
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Daimler, parent of Mercedes-Benz, has announced that they will offer an electric - BEV or Hybrid - version of every car in their range by 2022. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments.