Motorpoint Group PLC’s (MOTR) Buy Rating Reiterated at Numis Securities Ltd

Motorpoint Group PLC (LON:MOTR)‘s stock had its “buy” rating reaffirmed by stock analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 250 ($3.15) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 57.73% from the stock’s current price.

Shares of Motorpoint Group PLC (LON:MOTR) traded down 2.21% during midday trading on Thursday, hitting GBX 155.00. The stock had a trading volume of 6,856 shares. Motorpoint Group PLC has a 1-year low of GBX 119.69 and a 1-year high of GBX 245.50. The company’s 50 day moving average price is GBX 140.60 and its 200-day moving average price is GBX 137.35. The firm’s market capitalization is GBX 155.30 million.

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Motorpoint Group PLC Company Profile

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.

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