Vitesco Technologies Group Aktiengesellschaft (OTC:VTSCY) Receives $66.67 Consensus Target Price from Brokerages

Shares of Vitesco Technologies Group Aktiengesellschaft (OTC:VTSCY – Get Rating) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.67.

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised Vitesco Technologies Group Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Tuesday, January 10th. Jefferies Financial Group lowered Vitesco Technologies Group Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Vitesco Technologies Group Aktiengesellschaft from €65.00 ($69.89) to €70.00 ($75.27) and gave the stock a “buy” rating in a research note on Tuesday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Vitesco Technologies Group Aktiengesellschaft from €65.00 ($69.89) to €70.00 ($75.27) and gave the stock an “overweight” rating in a report on Friday, January 13th. Finally, HSBC raised shares of Vitesco Technologies Group Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Thursday.

Vitesco Technologies Group Aktiengesellschaft Price Performance

Shares of Vitesco Technologies Group Aktiengesellschaft stock opened at $12.73 on Thursday. The stock has a 50-day moving average price of $13.80 and a 200 day moving average price of $11.84. Vitesco Technologies Group Aktiengesellschaft has a 1 year low of $6.83 and a 1 year high of $14.91.

About Vitesco Technologies Group Aktiengesellschaft

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Vitesco Technologies Group Aktiengesellschaft engages in the development and production of components and system solutions for drivetrains in hybrid vehicles, electric vehicles, and combustion engines worldwide. It operates through Electrification Technology, Electronic Controls, Sensing & Actuation, and Contract Manufacturing segments.