Motorpoint Group PLC (MOTR) Rating Reiterated by Numis Securities Ltd
Motorpoint Group PLC (LON:MOTR)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a research report issued on Tuesday. They presently have a GBX 250 ($3.10) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 87.13% from the stock’s previous close.
Motorpoint Group PLC (LON:MOTR) opened at 129.50 on Tuesday. The company’s 50-day moving average price is GBX 143.57 and its 200 day moving average price is GBX 192.00. Motorpoint Group PLC has a 12 month low of GBX 119.69 and a 12 month high of GBX 245.50. The company’s market capitalization is GBX 129.50 million.
In other news, insider Mary McNamara purchased 35,000 shares of Motorpoint Group PLC stock in a transaction dated Friday, October 21st. The stock was purchased at an average cost of GBX 140 ($1.74) per share, for a total transaction of £49,000 ($60,786.50). Also, insider David Shelton purchased 520,000 shares of Motorpoint Group PLC stock in a transaction dated Thursday, October 20th. The shares were purchased at an average price of GBX 138 ($1.71) per share, with a total value of £717,600 ($890,212.13).
About Motorpoint Group PLC
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.
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