Vitesco Technologies Group Aktiengesellschaft (OTC:VTSCY) Upgraded to “Buy” by HSBC

HSBC upgraded shares of Vitesco Technologies Group Aktiengesellschaft (OTC:VTSCY – Get Rating) from a hold rating to a buy rating in a research note released on Thursday morning, The Fly reports.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Vitesco Technologies Group Aktiengesellschaft from €65.00 ($69.89) to €70.00 ($75.27) and gave the company a buy rating in a research report on Tuesday, January 10th. Jefferies Financial Group cut Vitesco Technologies Group Aktiengesellschaft from a buy rating to a hold rating in a research report on Friday, January 20th. The Goldman Sachs Group raised Vitesco Technologies Group Aktiengesellschaft from a neutral rating to a buy rating in a research report on Tuesday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on Vitesco Technologies Group Aktiengesellschaft from €65.00 ($69.89) to €70.00 ($75.27) and gave the company an overweight rating in a research report on Friday, January 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $66.67.

Vitesco Technologies Group Aktiengesellschaft Stock Down 2.2 %

VTSCY stock opened at $12.73 on Thursday. Vitesco Technologies Group Aktiengesellschaft has a 12-month low of $6.83 and a 12-month high of $14.91. The stock’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $11.84.

Vitesco Technologies Group Aktiengesellschaft Company Profile

(Get Rating)

Vitesco Technologies Group Aktiengesellschaft engages in the development and production of components and system solutions for drivetrains in hybrid vehicles, electric vehicles, and combustion engines worldwide. It operates through Electrification Technology, Electronic Controls, Sensing & Actuation, and Contract Manufacturing segments.