Porsche Automobil Holding SE (OTCMKTS:POAHY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Porsche Automobil Holding SE (OTCMKTS:POAHY) have been assigned an average rating of “Reduce” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

POAHY has been the subject of several recent analyst reports. Hsbc Global Res upgraded Porsche Automobil from a “moderate sell” rating to a “hold” rating in a research note on Thursday, February 13th. Berenberg Bank lowered shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. The Goldman Sachs Group downgraded shares of Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 14th. UBS Group lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th. Finally, DZ Bank lowered shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th.

Porsche Automobil Trading Down 1.9 %

Shares of Porsche Automobil stock opened at $3.61 on Friday. Porsche Automobil has a twelve month low of $3.47 and a twelve month high of $5.58. The firm’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $3.93.

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.