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Deutsche Bank Keeps a Buy Rating on Vitesco Technologies Group AG (VTSCF)

In a report released yesterday, Christoph Laskawi from Deutsche Bank maintained a Buy rating on Vitesco Technologies Group AG (VTSCFResearch Report), with a price target of EUR72.00. The company’s shares closed last Thursday at $58.95, equals to its 52-week high of $58.95.

According to TipRanks.com, Laskawi is ranked #2256 out of 7772 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vitesco Technologies Group AG with a $75.70 average price target, implying a 28.4% upside from current levels. In a report issued on January 13, Jefferies also maintained a Buy rating on the stock with a EUR88.00 price target.

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Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VTSCF in relation to earlier this year.

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Vitesco Technologies Group AG focuses on the development and production of components and system solutions for the powertrain of hybrid and electric vehicles and combustion engine-based vehicles. Its portfolio includes 48 Volt electrification solutions, electric drives, and power electronics for hybrid and battery electric vehicles. Furthermore, the product range counts electronic controls, sensors, actuators, turbochargers, hydraulic components, and pumps as well as solutions for exhaust after-treatment. Its operating segments are Electronic Controls, Electrification Technology, Sensing & Actuation, and Contract Manufacturing.

Read More on VTSCF:

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