Volkswagen: Target price and profit forecast will be adjusted

Volkswagen has to reduce production at various locations in the first quarter. There are problems with the procurement of semiconductors, which affects production. It is currently unclear whether the problem will be resolved after the first quarter. Other automakers also seem to have similar problems.

It is positive that a hard Brexit could be avoided. That provides some relief. The merger of PSA and FCA should not be a problem for VW. This will create the fourth largest car company in the world.

The analysts of Independent Research confirm the buy recommendation for the shares of Volkswagen. The price target for VW shares was previously EUR 170.00. In today’s study, it sinks to 169.00 euros.

The experts expect earnings per share of 19.93 euros in 2021 (old: 20.35 euros). The dividend should be 5.50 euros per share. This results in a dividend yield of 3.7 percent. The PER 2021e stands at 7.4.

The shares of Volkswagen are quoted in the morning almost unchanged at 148.70 euros.


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