In a report released today, Patrick Hummel from UBS maintained a Buy rating on Stellantis (STLA – Research Report), with a price target of €22.00. The company’s shares opened today at $23.59.
Hummel covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Stellantis, and Bayerische Motoren Werke Aktiengesellschaft. According to TipRanks, Hummel has an average return of 9.9% and a 52.20% success rate on recommended stocks.
In addition to UBS, Stellantis also received a Buy from Citi’s Harald Hendrikse in a report issued on February 5. However, on January 24, HSBC downgraded Stellantis (NYSE: STLA) to a Hold.
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The company has a one-year high of $23.66 and a one-year low of $14.82. Currently, Stellantis has an average volume of 5.2M.
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Stellantis (STLA) Company Description:
Stellantis N.V. is a leading automotive group that designs, manufactures, distributes, and sells vehicles, components, and production systems. It distributes and sells vehicles under Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall brands.
Read More on STLA:
- Stellantis chairman denies M&A plans with Renault, Reuters reports
- Stellantis price target lowered to EUR 32 from EUR 38 at Deutsche Bank
- Stellantis initiated with an Outperform at Wolfe Research
- Stellantis Announces 2024 Corporate Calendar
- Freedom of Mobility Forum Announces 2024 Topic, Expert Panelists and University Participants for Second Annual Live Debate on April 3
