Volkswagen shares: return to high? Analysts give new forecasts!

Volkswagen shares: return to high? Analysts give new forecasts!

As of December 11, 2024, Volkswagen (VW) vz shares are on an upward trend, like finance.net reported. In XETRA trading, the share price rose by 1.4 percent to EUR 85.52 after trading at EUR 84.30 at the start of trading. At its peak, the share even traded at EUR 85.78 and had changed hands 236,531 times up to that point. Nevertheless, the share price remains 7.79 percent above the 52-week low, which was set on November 29, 2024 at EUR 78.86. Analysts predict that the 52-week high of EUR 128.60, reached on April 4, 2024, will come back within reach within the coming months.

Financial results and trend analysis

The balance sheet for the third quarter of 2024, published on October 30, 2024, shows earnings per share of EUR 2.42, compared to EUR 7.76 in the previous year. Sales for this period amounted to EUR 78.48 billion, a slight decrease of 0.47 percent compared to the previous year. For the current year, a dividend of around EUR 6.41 is forecast for shareholders, while the analysts' average price target is EUR 110.20. This financing is in the context of Volkswagen's broad offering, which, in addition to cars and commercial vehicles, also includes financial services Yahoo Finance. The company sells its cars and services under renowned brands such as Audi, Porsche and Lamborghini and has established itself as one of the leading automobile manufacturers in Europe and worldwide.