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DZ BANK AG Reaffirms Their Hold Rating on Porsche Automobil Holding (0JHU)

Tipranks - Tipranks - Thu Sep 3, 2:48AM CDT

In a report released yesterday, Michael Punzet from DZ BANK AG maintained a Hold rating on Porsche Automobil Holding. The company’s shares closed yesterday at €28.32.

According to TipRanks, Punzet is a 3-star analyst with an average return of 3.1% and a 54.01% success rate. Punzet covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Continental Aktiengesellschaft.

The word on The Street in general, suggests a Hold analyst consensus rating for Porsche Automobil Holding with a €47.32 average price target.

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Based on Porsche Automobil Holding’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €516 million and a GAAP net loss of €1.3 billion. In comparison, last year the company earned a revenue of €1.51 billion and had a net profit of €1.42 billion

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