Mercedes-Benz declares EVERY Mercedes will soon have an ELECTRIC version

Ajustar Comente Impressão

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.

COPYRIGHT VIOLATION WARNING: This article was first published by Week Herald and is owned by of Week Herald.

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.