In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Stellantis (STLA – Research Report), with a price target of €26.00. The company’s shares closed today at $26.00.
Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Continental Aktiengesellschaft, and Stellantis. According to TipRanks, Asumendi has an average return of 5.9% and a 52.64% success rate on recommended stocks.
In addition to J.P. Morgan, Stellantis also received a Buy from Goldman Sachs’s George Galliers in a report issued today. However, on February 9, HSBC maintained a Hold rating on Stellantis (NYSE: STLA).
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STLA market cap is currently $76.15B and has a P/E ratio of 3.69.
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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 Announces Board Composition Change
- Stellantis Approves Share Buyback Program
- Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance, Totaling €6 Billion Since Company Creation
- Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023
- Update: Stellantis Will Post Full Year 2023 Results at a New Time on February 15
