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Mercedes-Benz Group (MBGAF) Receives a Hold from UBS

Tipranks - Sat May 16, 1:32AM CDT

UBS analyst Patrick Hummel maintained a Hold rating on Mercedes-Benz Group today and set a price target of €55.00.

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According to TipRanks, Hummel is a 4-star analyst with an average return of 7.0% and a 50.36% success rate. Hummel covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

In addition to UBS, Mercedes-Benz Group also received a Hold from RBC Capital’s Tom Narayan in a report issued on May 11. However, on May 8, J.P. Morgan maintained a Buy rating on Mercedes-Benz Group (Other OTC: MBGAF).

MBGAF market cap is currently €49.13B and has a P/E ratio of 8.80.

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