According to an update released by analysts at Numis Securities the broker has now set a ‘Buy’ rating on shares of Motorpoint Group (LON:MOTR) with a price target of 250.
Numis Securities on Thursday reiterated Motorpoint Group’s analyst rating as ‘Buy’ with its price target of 250 highlighting a potential increase of 74.52% from Motorpoint Group’s current price of 143.25.
Over the last twelve months Motorpoint Group’s stock price has increased from 0.00 to 143.25, a change of 0%.
Motorpoint Group has 100,194,000 shares in issue which have a share price of 143.25 giving Motorpoint Group a market capitalisation of 143.53M GBp.
The company has a 50 day moving average of 133.61 and a 200 day moving average of 140.47. The 52 week high shares of Motorpoint Group have reached is 245.5 whilst the 52 week low for the company’s shares is 119.69.
Motorpoint Group plc is an independent vehicle retailer in the United Kingdom. The Company’s principal business is the sale of vehicles, of which are approximately two years old and which have covered over 15,000 miles. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW. The Company operates from over 10 retail sites across the United Kingdom. The Company has a national contact-center dealing with online enquiries. In addition to sales of vehicles, the Company operates Auction4Cars.com, a business to business online auction platform for vehicles. The Company also offers ancillary products to customers, including customer finance packages, vehicle guarantees, insurance products and vehicle protection treatments.