Hauck & Aufhaeuser Sticks to Its Buy Rating for Vitesco Technologies Group AG (VTSCF)

In a report released today, Christian Glowa from Hauck & Aufhaeuser maintained a Buy rating on Vitesco Technologies Group AG (VTSCFResearch Report), with a price target of EUR60.00. The company’s shares closed last Tuesday at $39.33, equals to its 52-week low of $39.33.

Glowa has an average return of 19.0% when recommending Vitesco Technologies Group AG.

According to TipRanks.com, Glowa is ranked #2085 out of 7938 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vitesco Technologies Group AG with a $57.76 average price target, implying a 13.2% upside from current levels. In a report issued on July 6, UBS also maintained a Buy rating on the stock with a EUR60.00 price target.

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The company has a one-year high of $58.95 and a one-year low of $39.33. Currently, Vitesco Technologies Group AG has an average volume of 1.

Based on the recent corporate insider activity of 22 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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