Brilliance China Automotive (OTCMKTS:BCAUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, reports. The brokerage currently has a $12.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 9.79% from the company’s current price.

According to Zacks, “Brilliance China Automotive Holdings Limited operates as an automotive manufacturer in China. The Company’s operating segments are divided primarily into the manufacture and sale of minibuses and automotive components. Its commercial vehicle brands include JinBei and Granse minibuses. The Group is also engaged in the manufacture of diesel engines and gasoline engines for use in minibuses, sedans, SUV and light duty trucks and automotive components. Brilliance China Automotive Holdings Limited is headquartered in Central, Hong Kong. “

Separately, ValuEngine cut shares of Brilliance China Automotive from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 15th.

Brilliance China Automotive stock traded up $0.39 during trading on Tuesday, hitting $10.93. The company had a trading volume of 1,194 shares, compared to its average volume of 1,842. Brilliance China Automotive has a 1-year low of $6.89 and a 1-year high of $12.35. The company’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $10.63. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 6.28 and a beta of 2.25.

About Brilliance China Automotive

Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells minibuses and automotive components in the People's Republic of China. The company offers its minibuses under the JinBei and Granse brands, as well as multi-purpose vehicles under the Huasong brand.

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