According to an update released by analysts at numis the broker has now set a ‘Buy’ rating on shares of Motorpoint Group (LON:MOTR) with a price target of 250.
numis on Wednesday reiterated Motorpoint Group’s analyst rating as ‘Buy’ with its price target of 250 highlighting a potential increase of 93.42% from Motorpoint Group’s current price of 129.25.
Over the last twelve months Motorpoint Group’s stock price has increased from 0.00 to 129.25, a change of 0%.
Motorpoint Group has 100,000,000 shares in issue which have a share price of 129.25 giving Motorpoint Group a market capitalisation of 129.25M GBp.
The company has a 50 day moving average of 196.09 and a 200 day moving average of 206.6. The 52 week high shares of Motorpoint Group have reached is 245.5 whilst the 52 week low for the company’s shares is 128.
Motorpoint Group plc is an independent vehicle retailer. The Company’s primary business is the sale of vehicles, of which are approximately two years old and which have covered approximately 15,000 miles. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models, such as Ford, Vauxhall, Volkswagen, Hyundai and Audi. The Company operates from approximately 10 retail sites across Great Britain. It provides national call-center dealing with online enquiries. It holds interests in a car supermarket site and business at Oldbury near Birmingham. The Company also operates Auction4Cars.com, which is a business-to-business online auction platform for vehicles acquired through its part-exchange offering. The Company offers customers products ancillary to the sale of vehicles, including consumer finance packages, vehicle guarantees, insurance products and vehicle protection treatments.